Palladium prices averaged USD 1,053 per troy ounce in June, up 8.1% from May. On 30 June, the commodity traded at USD 1,134 per troy ounce, up 17.6% from 30 May.
Palladium prices rose at the fastest pace in nine months in June and reached a near one-year high late in the month. On the demand front, a weaker USD made the precious metal cheaper, rising geopolitical tensions in the Middle East underpinned safe-haven buying and a historically elevated gold-palladium price ratio fueled investment demand. In addition, continued power cuts in South Africa and easing bets of a Russia-Ukraine ceasefire stoked supply concerns.
This chart displays Palladium (US$/toz) from 2023 to 2025.
Palladium LME (prices in US$/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 | - | - | 1,250 | 1,093 | 980 | 973 | 970 | 1,011 | 960 | 990 | - | - |