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Calculate the melt value of your palladium based on fineness, weight, and today's spot price.
Live Palladium Spot Price
$1,845.50
per troy ounce
Quick Presets
Estimated Melt Value
$1,843.65
1 troy oz of .999 Fine palladium
Pure Palladium Content
0.9990 oz
Price per Gram
$59.33
Palladium is one of the rarest precious metals, with annual mine production significantly smaller than gold or silver. Russia (Norilsk Nickel) and South Africa together produce over 80% of the world's palladium, making supply highly concentrated and sensitive to geopolitical factors.
The dominant use of palladium is in catalytic converters for gasoline-powered vehicles, accounting for roughly 80% of demand. As emissions standards have tightened globally, automakers need more palladium per vehicle, driving persistent supply deficits that pushed prices to record highs in recent years.
For investors, palladium offers exposure to a metal with genuine supply constraints and industrial demand. However, its concentration in automotive applications means it's more sensitive to economic cycles and the transition to electric vehicles than gold or silver. Investment options include bars, coins (Canadian Palladium Maple Leaf at .9995 fine), and ETFs.
Melt value equals the weight in troy ounces multiplied by the fineness (purity as a fraction of 1000) and the current palladium spot price. For example, 1 troy oz of .999 palladium = 1 × 0.999 × spot price.
Palladium prices surged due to strict vehicle emissions regulations driving demand for catalytic converters, combined with constrained supply — Russia and South Africa produce over 80% of global palladium. Supply deficits have persisted for several years.
About 80% of palladium demand comes from catalytic converters in gasoline vehicles, where it converts harmful exhaust gases into less harmful emissions. It's also used in electronics, dentistry, jewelry, and hydrogen purification.
Palladium can be volatile due to concentrated supply (Russia, South Africa) and dependence on automotive demand. It offers diversification from gold and silver but carries higher risk. Available as bars, coins (Canadian Maple Leaf), and ETFs.
Investment-grade palladium is typically .999 or .9995 fine. The Canadian Palladium Maple Leaf is .9995 fine. Palladium jewelry is usually .950 fine. Unlike gold and silver, palladium has fewer common purity grades.
Both are platinum-group metals but differ in key ways: palladium is lighter and less dense, primarily used in gasoline catalytic converters (platinum in diesel). Palladium is more volatile in price and has surpassed platinum in value since 2018.
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