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Palladium Price Movement — Last 10 Days
All prices in ₹ per gram · daily rate, updated once per day
Palladium Isn't Mined Everywhere — Not Even Close
Ask where gold comes from and the honest answer is dozens of countries, spread across every continent. Ask the same question about palladium and the list gets short fast. Two countries, Russia and South Africa, supply well over three-quarters of everything mined in a given year, which is a real reason this metal's price at ₹2,940.51 per gram, November 3, 2026, can move in ways gold's rarely does.
Before getting into the country-by-country breakdown, here's that rate across the weights buyers actually check against a dealer's quote:
- Per gram: ₹2,940.51
- Per 10 grams: ₹29,405.07
- Per troy ounce (31.1034768g): ₹91,459.98
Serious buyers and traders track that number against NYMEX palladium futures and LPPM (London Platinum and Palladium Market) benchmark pricing, both of which react quickly to supply news out of exactly the two countries this page is about.
Palladium Price by Weight — Today's Reference Rates
Today's Palladium rate is Two Thousand Nine Hundred and Forty One Rupees per gram. At this rate, 10 grams of Palladium costs Twenty Nine Thousand Four Hundred and Five Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹2,940.51 | Two Thousand Nine Hundred and Forty One Rupees |
| 8 Grams | 8.0000 g | ₹23,524.05 | Twenty Three Thousand Five Hundred and Twenty Four Rupees |
| 10 Grams | 10.0000 g | ₹29,405.07 | Twenty Nine Thousand Four Hundred and Five Rupees |
| 100 Grams | 100.0000 g | ₹294,050.66 | Two Lakh Ninety Four Thousand Fifty One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹2,940,506.60 | Twenty Nine Lakh Forty Thousand Five Hundred and Seven Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹83,361.89 | Eighty Three Thousand Three Hundred and Sixty Two Rupees |
| 1 Troy Ounce | 31.1035 g | ₹91,460.05 | Ninety One Thousand Four Hundred and Sixty Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹2,940,506,598.00 | Two Hundred and Ninety Four Crore Five Lakh Six Thousand Five Hundred and Ninety Eight Rupees |
Palladium Mine Production by Country
The table below draws on the U.S. Geological Survey's Mineral Commodity Summaries 2024, covering calendar-year 2023 mine production — the most recent complete annual dataset USGS has published. These are yearly mining statistics, not something that shifts with the daily price above, so treat this as the structural backdrop rather than a live feed.
| Rank | Country | Mine Production (2023) | Share of World Total |
|---|---|---|---|
| 1 |  Russia |
87,000 kg (87 tonnes) | 41.8% |
| 2 |  South Africa |
74,900 kg (74.9 tonnes) | 36.0% |
| 3 |  Canada |
16,000 kg (16 tonnes) | 7.7% |
| 4 | Zimbabwe, United States & other producers | Not individually published | 14.5% |
| — | World total | ~208,000 kg (208 tonnes) | 100% |
A metal that mostly arrives as a byproduct, not a target
Here's the part that surprises people who assume every metal is mined the way gold is: hardly anyone digs specifically for palladium. Norilsk Nickel's Siberian operations produce it mainly as a byproduct of nickel mining — the nickel ore body happens to carry palladium along with it, and the company recovers both. South Africa's contribution works the same way in reverse, coming out of platinum-group-metal mines where palladium rides alongside platinum rather than being the primary target itself.
That structural fact matters more than it sounds. A nickel producer or a platinum producer doesn't ramp up output just because palladium prices climb — they're chasing nickel or platinum economics first, with palladium supply along for the ride. Canada's roughly 16,000 kg follows the same pattern, recovered alongside nickel and copper mining rather than from a dedicated palladium mine. It's a genuinely different supply dynamic from a metal that gets mined because of its own price.
Palladium Price — 10-Day History
The most recent Palladium price on record (2026-11-03) is Two Thousand Nine Hundred and Forty One Rupees per gram. This is down by Forty Rupees from the previous day's rate of ₹2,980.61.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-11-03 | ₹2,940.51 | -40.10 |
| 2026-11-02 | ₹2,980.61 | -0.09 |
| 2026-11-01 | ₹2,980.70 | -0.65 |
| 2026-10-31 | ₹2,981.35 | -6.96 |
| 2026-10-30 | ₹2,988.31 | -90.46 |
| 2026-10-29 | ₹3,078.77 | -44.67 |
| 2026-10-28 | ₹3,123.44 | -36.58 |
| 2026-10-27 | ₹3,160.02 | -80.31 |
| 2026-10-26 | ₹3,240.33 | +52.57 |
| 2026-10-25 | ₹3,187.76 | — |
What This Concentration Means for Supply and Demand
Palladium's demand story is well known on this site already — gasoline and hybrid catalytic converters drive most of it. What gets less attention is how thin the supply side is standing behind that demand. When Russia and South Africa together account for more than three out of every four grams mined, a strike, a power outage, or an export disruption in either country doesn't stay a local story. It shows up in the LPPM benchmark and on NYMEX within days, sometimes hours.
Because so much of that supply rides alongside nickel and platinum mining rather than standing on its own, producers can't simply respond to a palladium price spike by digging faster. Expanding nickel or platinum output to chase extra byproduct palladium is a slow, capital-heavy decision measured in years, not a lever anyone pulls overnight. Some analysts watch for that structural rigidity to keep palladium prices sensitive to Russian and South African mining news for the foreseeable future, though how much that sensitivity actually shows up depends on demand-side factors too — automaker substitution and EV adoption among them — that are covered in more depth elsewhere on this site.
None of that changes what a buyer sees on an invoice today: ₹2,940.51 per gram, as of November 3, 2026. But the next time that number jumps in a single session with no obvious local news behind it, there's a real chance the cause traces back to a mine in Russia or South Africa rather than anything happening in India.
Palladium Supply and Production — FAQs
Russia, and it isn't a close race. USGS figures put Russian mine output at roughly 87 tonnes a year — about 41.8% of world supply — most of it coming out of Norilsk Nickel's operations in Siberia, a real, well-documented mining company rather than a handful of scattered small mines.
Yes. South Africa mines around 74.9 tonnes a year, close to 36% of world supply, putting it just behind Russia. Between them, the two countries account for over three-quarters of everything mined worldwide — a concentration level most other metals on this site don't come close to.
Because in both of its dominant source countries, that's exactly what it is. Norilsk Nickel mines palladium mainly as a byproduct of nickel production in Russia, while South African operations recover it mainly as a byproduct of platinum mining. Very few mines anywhere in the world set out to dig for palladium specifically — it mostly arrives alongside a different primary metal.
Third, at a real distance behind the top two. Canada mines around 16,000 kg — 16 tonnes — a year, about 7.7% of world supply, again largely recovered alongside nickel and copper mining rather than as a dedicated palladium operation.
They make up the remaining roughly 14.5% of world supply between them. Reliable, verified per-country tonnage figures for that smaller group weren't available for this page, so it's described here only as a combined share rather than broken down country by country.
The U.S. Geological Survey's Mineral Commodity Summaries 2024 report, which covers calendar-year 2023 mine production — the most recent complete annual dataset USGS had published at the time of writing. USGS updates this survey once a year, so these are structural, not daily, figures.
