Live Palladium Prices
There is currently rising demand for palladium, as it is used heavily in the automotive industry since it is a crucial part in auto and catalytic converters. This metal is also used in various technological products such as LCD monitors, batteries, and hard disk drives. The petroleum industry also uses palladium in converters used in processing shale gas.
Due to its continued demand in the modern economy, palladium is a highly-investable asset. You can invest in palladium in many ways. It can be through futures contracts, or you can also purchase the physical metal. Palladium futures are traded in the New York Mercantile Exchange (NYMEX), and each contract represents 100 troy ounces of the metal. The physical metal is usually in the form of bars or coins. Another investment option for palladium is through ETF and equity options. Palladium investors can buy ETFs or stocks of listed companies that mine it. Investors can purchase palladium exchange-traded funds (ETFs).
Live palladium prices reflect the current price of the metal in the market at this very moment. Investors can easily check live palladium prices through various providers that mostly give real-time information 24 hours a day. Live palladium prices are usually given in ounces. However, live palladium prices can also be provided per gram or per kilo. Investors also have the option to look at prices in multiple currencies. Live palladium price is the same throughout the world.
Several factors determine the price of palladium in the market. Since it is mostly used in the automotive industry, the current state of the industry helps determine its price. Aside from this, the current state of the medical and electronic industries, where palladium is also used, can also affect its current price. The last factor to consider is the current state of affairs in countries that supply palladium: Russia and South Africa. Knowing live palladium prices is crucial for an investor because it helps them make informed decisions about investing in this precious metal.