Palladium Price Today

Palladium has become increasingly expensive due to a decrease in its supply over the last few years, particularly between 2019 and 2020. This has led to a situation where the drop in supply outpaced the decrease in demand, resulting in a price increase. Therefore, the current high price of palladium is the outcome of the sharp decline in its supply and a slower decline in demand.

The market price of Palladium in Mumbai changes daily. As of May 2026, the current price is approximately Rs. 43,602 per 10 grams. Please refer to the live price table on this page for the most current rate.

Palladium price forecasts are subject to market volatility. As of May 2026, palladium is trading at approximately Rs. 43,602 per 10 grams. For up-to-date forecasts, refer to commodity market analysis platforms.

The relative price of palladium versus platinum changes frequently based on market conditions. As of May 2026, please refer to the live price tables on this page and the Platinum price page for current comparisons. However, the market conditions and regulations for environmental protection, as well as rapid technological and industrial advancements, could potentially alter this scenario in the near future.

Palladium prices reached all-time highs in May 2021, at US Dollars 2,716.16 per ounce, after a massive rally that began in July 2018 from US Dollars 817.12 per ounce. Since then, palladium has seen a sustained decline, driven by a shift in the automotive industry toward electric vehicles (which do not use catalytic converters) and increased use of platinum as a substitute. As of May 2026, palladium prices remain significantly below their 2021 peak.