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Live price comparison and the Platinum-to-Palladium ratio.
| Asset | Open | High | Low | Close | Range |
|---|---|---|---|---|---|
| Platinum | — | — | — | — | — |
| Palladium | — | — | — | — | — |
Open, high, low, and close over the selected 1 year. “Range” is the high-to-low move as a percentage — a quick read on each asset’s volatility over that period.
| Metric | Platinum | Palladium |
|---|---|---|
| Live price | $ 1,763.00 | $ 1,239.00 |
| 24h change | -1.06% ↓ | -0.88% ↓ |
| 1-month return | -14.71% ↓ | -18.33% ↓ |
| 1-year return | — | — |
| 5-year return | — | — |
| Volatility | Medium | High |
| Pair | XPT/USD | XPD/USD |
| Asset class | Precious Metal | Precious Metal |
| Key drivers | Automotive demand · Supply concentration · Substitution with palladium | Petrol-engine demand · Tight supply · EV transition |
| Trading hours | Market hours | Market hours |
| Platinum-to-Palladium ratio | 1 Platinum = 1.42 Palladium | |
Platinum and palladium are sister metals from the platinum group, both used heavily in catalytic converters — platinum traditionally in diesel engines and palladium in petrol engines. Their prices have swapped leadership dramatically over the years.
Because they can partly substitute for each other, the platinum-palladium relationship is watched closely by investors and the auto industry alike.
Platinum is favoured in diesel catalysts and palladium in petrol, so emissions rules and engine mix drive each.
When one gets too costly, carmakers can swap in the other, which tends to link their prices.
Palladium has spiked on supply deficits; platinum has been steadier but cheaper for years.
Choose platinum for a cheaper, rarer metal with potential upside from hydrogen and diesel demand, and palladium for a tighter, petrol-engine-driven market — though electric vehicles threaten both catalytic-converter uses over time.
A prolonged supply deficit combined with strong petrol-engine demand pushed palladium above platinum for several years, reversing their historical order.
Partially. Carmakers can substitute platinum for palladium in some petrol catalysts, which tends to cap how far their prices can diverge.
Compare the 1-month, 1-year and 5-year returns in the table above — the leader varies by period, and the normalized chart shows how the two have moved relative to each other.
It depends on your goals and risk tolerance: Platinum and Palladium have different volatility profiles and price drivers, summarised above. This is educational information, not financial advice.
One Platinum currently equals 1.42 Palladium — a quick gauge of relative value between the two.