Palladium is the workhorse metal in gasoline-engine catalytic converters, which account for more than 80% of demand. That makes its price tightly tied to car production and emissions rules.
Russia supplies about 40% of mined palladium, so sanctions and export news can move the market. Palladium bullion coins and bars exist but trade at wider dealer spreads than gold or silver.
Palladium is trading at $1,178.00 per troy ounce, or $37.87 per gram, up +0.40% on the day.
A gram of pure palladium is worth $37.87 at today's spot price. One troy ounce is 31.1035 grams.
Palladium has moved −23.8% over the past 12 months, from about $1,509.40 an ounce.
Palladium is used mainly in gasoline catalytic converters and electronics.