Palladium prices averaged USD 1,348 per troy ounce in August, up 6.4% from July. On 31 August, the commodity traded at USD 1,444 per troy ounce, up 13.1% from 31 July.
In August, palladium posted its strongest monthly price gain since January. Average prices rose amid stronger industrial demand plus a weaker U.S. dollar and renewed demand for precious metals following the Treasury’s expansion of long-term bond buybacks which triggered concerns over government debt and fiscal deficits. Persistent U.S.-Iran tensions also supported safe-haven demand, while South African energy disruptions and uncertainty over Russian exports tightened supply, supporting prices.
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 | - | - | - | - | - | - | 970 | 1,011 | 960 | 990 | 1,172 | 1,483 |