Palladium prices averaged USD 1,556 per troy ounce in March, down 10.3% from February. On 31 March, the commodity traded at USD 1,448 per troy ounce, down 19.2% from 27 February.
Palladium prices fell the most among precious metals in March, marking the sharpest monthly drop in over three years. The decline was driven by slowing automotive demand, a stronger dollar, the U.S.-Iran conflict pushing energy prices higher while fueling concerns over delayed Fed rate cuts, and profit-taking after earlier gains. Investor demand provided intermittent support during the month amid shifting interest rate expectations.
This chart displays Palladium (US$/toz) from 2024 to 2026.
Palladium LME (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palladium LME | - | - | - | - | - | 973 | 970 | 1,011 | 960 | 990 | 1,172 | 1,483 |