Palladium Price OZ
Welcome to GoldPriceOZ.com! Like gold and silver precious metals, Palladium (currency code: XPD) can be made of palladium jewelry, also can be as an investment product. Consequently, the price of Palladium is extremely important for a Palladium investor. The investors may analysis and forecast the future price of Palladium on the basis of the fluctuation of Palladium price. Keeping tracking on the price of Palladium, you can pay close attention to the website of Palladiumpriceoz.com!
The Palladium Price OZ is devoted to bringing you the latest Palladium price per ounce, gram and kilogram in major currencies, which updated every 1 minute. It also provide with Palladium price history chart for the past 30 days,90 days, 1, 5, 10 and 20 years, Palladium Price Calculators and Palladium price news.
Palladium Price Per Ounce
2271 US Dollar
Bid Price: $2271
Ask Price: $2421
Day's Range: $2258 - $2496
Prices Updated: Jan 16, 2021 at 15:47 NY Time
What is the Palladium ?
Like other precious metals, Palladium is seen as a precious metal as well as industrial metals. It is is a rare and lustrous silvery-white metal, and its chemical symbol is Pd. Ore deposits of palladium are rare. It is mostly found in South Africa, the Stillwater Complex in Montana, United States, the Thunder Bay District of Ontario, Canada, and the Norilsk Complex in Russia.
Which Palladium investment products we can invest?
Like all other precious metals, Palladium is an investment product including Palladium bullions, Palladium coins, Palladium ETFs, Palladium options and futures, Palladium stocks and so on. Different investment types are with different investment risk. However, no matter what type of Palladium investment must keep an eye on the the price of Palladium.
What factors influence the price of Palladium?
Palladium prices is very important as a rare and precious metal for investment as well as an industrial metal for commercial. Its price is easily affected by supply and demand as well as speculation. It is also affected by industrial, commercial and consumer demand, and gold prices.
What are the international major Palladium markets?
The Palladium market is smaller than gold and silver market. Generally speaking, the gold markets also trade Palladium investment products. The international important major Palladium markets include: London Bullion Market Association (LBMA), CME Group (New York and Chicago markets), Zurich Market (controlled by banks of UBS, Credit Suisse and Union Bank of Switzerland) and Chinese Gold and Silver Exchange Society (CGSE, located in HongKong), and Tokyo Commodity Exchange(TOCOM). By linking these markets, the Palladium trading can be achieved within 24 hours of continuous trading in the worldwide. Naturally, the Palladium price fixing of LBMA have a greater influence on the world Palladium market price, which fixing price is set at 9:45am (AM Fix) and 2:00pm (PM Fix) in London by the members of the LPPM.
What is the use of palladium?
Palladium is an important metal used in industrial, especially use in the automotive industry as a component of catalytic converters. It is also used in dentistry, electronics, medicine, chemical applications, hydrogen purification, groundwater treatment and jewelry. In addition, palladium plays an important role in the technology used for fuel cells.