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Palladium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Palladium Actually Has Two Reference Prices
Follow global palladium coverage closely enough and you'll run into two different institutional names behind "the palladium price": the LPPM and NYMEX. They're not competing or contradictory — they're two different mechanisms serving two different parts of the same market, both ultimately reflecting the same underlying metal priced today at ₹3,992.61 per gram in India.
The London Platinum and Palladium Market (LPPM) is the industry body overseeing physical platinum and palladium trading in London, including a twice-daily price-setting process often called a "fix." NYMEX, part of CME Group, is where palladium's main exchange-traded futures contract lives — a continuously tradable financial instrument rather than a periodic physical-market benchmark.
- LPPM: oversees London's physical PGM market and its twice-daily benchmark fix
- NYMEX: lists the main exchange-traded, continuously tradable palladium futures contract
- Relationship: two mechanisms tracking the same underlying market, not rival prices
Palladium Price by Weight
Today's Palladium rate is Three Thousand Nine Hundred and Ninety Three Rupees per gram. At this rate, 10 grams of Palladium costs Thirty Nine Thousand Nine Hundred and Twenty Six Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹3,992.61 | Three Thousand Nine Hundred and Ninety Three Rupees |
| 8 Grams | 8.0000 g | ₹31,940.87 | Thirty One Thousand Nine Hundred and Forty One Rupees |
| 10 Grams | 10.0000 g | ₹39,926.09 | Thirty Nine Thousand Nine Hundred and Twenty Six Rupees |
| 100 Grams | 100.0000 g | ₹399,260.92 | Three Lakh Ninety Nine Thousand Two Hundred and Sixty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹3,992,609.17 | Thirty Nine Lakh Ninety Two Thousand Six Hundred and Nine Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹113,188.47 | One Lakh Thirteen Thousand One Hundred and Eighty Eight Rupees |
| 1 Troy Ounce | 31.1035 g | ₹124,184.12 | One Lakh Twenty Four Thousand One Hundred and Eighty Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹3,992,609,170.00 | Three Hundred and Ninety Nine Crore Twenty Six Lakh Nine Thousand One Hundred and Seventy Rupees |
Why the Market Needs Both
The two benchmarks exist because palladium's real-world users have genuinely different needs. A refiner settling a physical bullion contract, or an industrial buyer negotiating a long-term supply agreement, wants a stable, trusted, periodically-set reference price — that's what the LPPM's fix provides, and it's why so many physical contracts worldwide reference it by name.
Futures serve a different job entirely
A trader looking to hedge price risk on a future delivery, or a fund taking a market view on where palladium is headed, needs something the LPPM fix doesn't provide: continuous, exchange-cleared trading throughout the day, with standardized contract terms and centralized counterparty risk management. That's exactly what NYMEX's futures contract offers, and it's why financial-market participants gravitate to it rather than the physical-market fix.
In practice, the two stay closely aligned — arbitrage between physical and futures markets keeps them from drifting apart for long, since a persistent gap would itself create a trading opportunity that market participants would act on.
Palladium Price — Last 10 Days
The most recent Palladium price on record (2026-09-17) is Three Thousand Nine Hundred and Ninety Three Rupees per gram. This is down by Fifty Two Rupees from the previous day's rate of ₹4,044.77.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹3,992.61 | -52.16 |
| 2026-09-16 | ₹4,044.77 | +52.34 |
| 2026-09-15 | ₹3,992.42 | +2.67 |
| 2026-09-14 | ₹3,989.75 | -0.04 |
| 2026-09-13 | ₹3,989.79 | +0.07 |
| 2026-09-12 | ₹3,989.73 | -59.30 |
| 2026-09-11 | ₹4,049.03 | +54.10 |
| 2026-09-10 | ₹3,994.93 | -187.77 |
| 2026-09-09 | ₹4,182.70 | +30.63 |
| 2026-09-08 | ₹4,152.07 | — |
What This Means for Reading Palladium Coverage
When a headline cites "the palladium price," it's worth a moment's thought about which of these two it's actually referencing — a physical-market fix level from London, or an exchange-traded futures print from New York. They'll almost always tell a very similar story, but during periods of unusual market stress, brief divergences between physical and futures pricing can appear and are themselves a signal worth noticing.
For most readers tracking palladium the way this site does — a domestic reference rate for India — the practical takeaway is simpler: both benchmarks are legitimate, credible sources for the same underlying global market, and neither should be treated as "the real one" while dismissing the other.
LPPM vs NYMEX Palladium — FAQs
The London Platinum and Palladium Market is the industry body that oversees the physical platinum and palladium trading conducted in London, including the twice-daily price-setting process — often referred to as a "fix" — that many long-term supply contracts and physical bullion transactions worldwide reference as their benchmark.
NYMEX, part of the CME Group, lists an exchange-traded palladium futures contract — a standardized, continuously traded instrument used by traders, miners and industrial buyers to hedge or speculate on the future palladium price, distinct from the LPPM's physical-market benchmark process.
They serve different purposes for different participants. The LPPM's fix exists to give physical-market participants — refiners, industrial buyers, bullion dealers — a stable, widely trusted reference price for real metal transactions. NYMEX futures exist to give financial market participants a continuously tradable, exchange-cleared instrument for hedging and speculation. Both ultimately track the same underlying palladium market and move closely together.
This site's domestic rate reflects the broader global palladium market that both LPPM and NYMEX benchmarks represent, converted into Indian rupees per gram — it is not a direct feed of either specific benchmark, but both are the kind of reference points a domestic rate ultimately traces back to.
