Palladium Price History UK
Today's and Yesterday's Palladium Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-10-16 | 833.92 (-15.05) | 26.81 (-0.48) |
| 2026-10-15 | 848.97 (+20.02) | 27.29 (+0.64) |
Past 10 Days Palladium Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-10-16 | 833.92 (-15.05) | 26.81 (-0.48) |
| 2026-10-15 | 848.97 (+20.02) | 27.29 (+0.64) |
| 2026-10-14 | 828.95 (-18.4) | 26.65 (-0.59) |
| 2026-10-13 | 847.35 (-15.7) | 27.24 (-0.51) |
| 2026-10-12 | 863.05 (-6.39) | 27.75 (-0.2) |
| 2026-10-11 | 869.44 (+2.11) | 27.95 (+0.06) |
| 2026-10-10 | 867.33 (0.00) | 27.89 (0.00) |
| 2026-10-09 | 867.33 (+14.82) | 27.89 (+0.48) |
| 2026-10-08 | 852.51 (+6.06) | 27.41 (+0.2) |
| 2026-10-07 | 846.45 (-33.21) | 27.21 (-1.07) |
Last 30 Days Palladium Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-10-16 | 833.92 (-15.05) | 26.81 (-0.48) |
| 2026-10-15 | 848.97 (+20.02) | 27.29 (+0.64) |
| 2026-10-14 | 828.95 (-18.4) | 26.65 (-0.59) |
| 2026-10-13 | 847.35 (-15.7) | 27.24 (-0.51) |
| 2026-10-12 | 863.05 (-6.39) | 27.75 (-0.2) |
| 2026-10-11 | 869.44 (+2.11) | 27.95 (+0.06) |
| 2026-10-10 | 867.33 (0.00) | 27.89 (0.00) |
| 2026-10-09 | 867.33 (+14.82) | 27.89 (+0.48) |
| 2026-10-08 | 852.51 (+6.06) | 27.41 (+0.2) |
| 2026-10-07 | 846.45 (-33.21) | 27.21 (-1.07) |
| 2026-10-06 | 879.66 (-7.74) | 28.28 (-0.25) |
| 2026-10-05 | 887.4 (+3.75) | 28.53 (+0.12) |
| 2026-10-04 | 883.65 (+3.04) | 28.41 (+0.1) |
| 2026-10-03 | 880.61 (0.00) | 28.31 (0.00) |
| 2026-10-02 | 880.61 (-14.54) | 28.31 (-0.47) |
| 2026-10-01 | 895.15 (-11.64) | 28.78 (-0.37) |
| 2026-09-30 | 906.79 (-20.29) | 29.15 (-0.66) |
| 2026-09-29 | 927.08 (+13.04) | 29.81 (+0.42) |
| 2026-09-28 | 914.04 (-33.11) | 29.39 (-1.06) |
| 2026-09-27 | 947.15 (-8.71) | 30.45 (-0.28) |
| 2026-09-26 | 955.86 (0.00) | 30.73 (0.00) |
| 2026-09-25 | 955.86 (+0.23) | 30.73 (+0.01) |
| 2026-09-24 | 955.63 (-0.68) | 30.72 (-0.03) |
| 2026-09-23 | 956.31 (-23.44) | 30.75 (-0.75) |
| 2026-09-22 | 979.75 (+0.16) | 31.5 (+0.01) |
| 2026-09-21 | 979.59 (+7.54) | 31.49 (+0.24) |
| 2026-09-20 | 972.05 (+2.22) | 31.25 (+0.07) |
| 2026-09-19 | 969.83 (0.00) | 31.18 (0.00) |
| 2026-09-18 | 969.83 (+11.47) | 31.18 (+0.37) |
| 2026-09-17 | 958.36 (+5.23) | 30.81 (+0.17) |
Note: Some dates may be missing due to market closures or other anomalies.
Last 3 Months Palladium Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Last 6 Months Palladium Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
1 Year Palladium Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
The Evolution of Palladium Prices in the UK
Palladium was once a lesser-known and low-cost metal. For years, it flew under the radar, used in small quantities and often overshadowed by gold and platinum. However, things began to shift as the automotive industry started relying heavily on palladium for catalytic converters.Â
As demand for palladium rose, especially during the 2000s and into the 2010s, the palladium metal price also increased. By the late 2010s, palladium had transformed from an affordable material into a highly valuable metal, often trading for more than gold in the UK. This rise in value shows just how much industrial demand and supply constraints can influence a metal’s market journey.
Factors Influencing Palladium Prices in the UK
Market Supply and Demand Dynamics
Palladium is not mined in large amounts and is usually a by-product of other mining processes, mostly in Russia and South Africa. Because of this, the global supply is quite limited. Any disruption in mining or exports can lead to shortages, which push palladium prices up. On the other hand, if production increases or demand slows, prices may fall. Supply and demand are always in a tight balance, and small changes can have a big impact on cost.
Economic and Political Events
Major world events can quickly shift palladium’s price. When economies slow down, industries cut back, and palladium demand drops, which lowers prices. During strong economic periods, demand grows, and prices often rise. Political issues also play a role. For example, if tensions rise in Russia which is a top supplier of palladium, or if there are strikes in South African mines, traders worry about future supply. That worry often causes prices to rise.
Role of Automotive Industry Demand
The car industry is the top user of palladium. It is used in catalytic converters in petrol vehicles to help cut emissions. As more countries enforce strict emissions rules, the need for palladium rises. This demand from car manufacturers is one of the biggest reasons palladium prices surged in recent years. In the future, as electric vehicles become more common and don’t need palladium-based converters, demand may drop. But right now, the auto industry still has a huge impact on palladium pricing.
Palladium Prices: Historical Highs and Lows
Palladium’s price history has seen dramatic highs and lows. In 2001, the palladium metal price per ounce spiked above £700 due to a sudden supply concern, but dropped quickly once the situation stabilized. In the late 2010s, palladium began a strong upward trend. By 2019, it had risen so much that it briefly traded higher than gold.
Â
The highest point came in early 2022 during major geopolitical tensions. At that time, palladium metal price per ounce reached over £2,400. However, this peak was short-lived. As the crisis eased and supply stabilized, prices fell sharply. By the mid-2020s, palladium had returned to much lower levels, often trading below £1,000 per ounce.
Currency Fluctuations and Palladium Prices
In the UK, palladium prices are not only shaped by global supply and demand but also by currency movements. Since palladium is priced internationally in US dollars, the pound-to-dollar exchange rate plays a big role in what UK buyers actually pay.
When the pound weakens against the dollar, palladium becomes more expensive in British pounds, even if the dollar price stays steady. On the other hand, if the pound strengthens, it can help offset global price increases and keep local costs more manageable.
Influence of Inflation and Interest Rates on Palladium Prices
When inflation rises, many investors look to precious metals like palladium to protect their money. This increased demand can push prices higher.
But when interest rates go up, the story changes. Higher rates make savings accounts and bonds more appealing, so investors often move money out of metals. This shift can lower palladium demand and cause prices to drop.
So while inflation can give palladium a boost, rising interest rates often bring that momentum back down.
Final Thoughts
Palladium’s price in the UK has changed a lot over the years. It went from a low-cost metal to a highly valuable one, driven by industry demand and global events. As electric vehicles grow and economies shift, their price will keep changing.
The information and prices displayed on this page are for general informational purposes only. While we strive to keep data accurate and updated, palladium prices can fluctuate rapidly due to market conditions. Always consult with a certified financial advisor or precious metals expert before making investment decisions.
FAQs
How has the palladium price changed over the past 5 years in the UK?
In the last five years, palladium prices in the UK have seen major ups and downs. Prices peaked above £2,400 per ounce around 2022 during global supply fears. Since then, prices have fallen as supply stabilized and demand shifted. Today, palladium is trading much lower, showing how quickly the market can change.
What are the highest and lowest palladium prices recorded in the UK?
The highest palladium price recorded was in early 2022, when it crossed £2,400 per ounce. One of the lowest recent prices came in the mid-2020s, when it dipped below £1,000 per ounce. These highs and lows reflect sharp reactions to global events and shifts in demand.
How often do palladium prices fluctuate?
Palladium prices fluctuate daily. It is influenced by global markets, currency exchange rates, and industrial demand. While small changes happen every day, bigger swings often follow supply issues, political events, or changes in economic policy.
What is the historical significance of palladium prices in the UK market?
Palladium’s price history in the UK shows its rise from a little-known metal to a key industrial asset. Its value has reflected not just market supply and demand but also larger economic and geopolitical trends. These patterns highlight its importance both as a commodity and an economic signal.