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Palladium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
The Short Answer: Cars, Not Vaults
Palladium is trading at ₹3,996.64 per gram today, and whatever moved it there almost certainly traces back to the auto industry. Unlike gold, which draws demand from investment, jewellery, and central banks all at once, palladium's price is dominated by one specific use: catalytic converters fitted to gasoline-engine vehicles, which convert harmful exhaust gases into less harmful output.
That concentration cuts both ways. It made palladium's price rise sharply when gasoline-vehicle demand and tightening emissions rules combined in its favor, and it makes the price genuinely sensitive to auto-industry news in a way gold rarely is.
Palladium Price by Weight
Today's Palladium rate is Three Thousand Nine Hundred and Ninety Seven Rupees per gram. At this rate, 10 grams of Palladium costs Thirty Nine Thousand Nine Hundred and Sixty Six Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹3,996.64 | Three Thousand Nine Hundred and Ninety Seven Rupees |
| 8 Grams | 8.0000 g | ₹31,973.10 | Thirty One Thousand Nine Hundred and Seventy Three Rupees |
| 10 Grams | 10.0000 g | ₹39,966.37 | Thirty Nine Thousand Nine Hundred and Sixty Six Rupees |
| 100 Grams | 100.0000 g | ₹399,663.71 | Three Lakh Ninety Nine Thousand Six Hundred and Sixty Four Rupees |
| 1 Kilogram | 1,000.0000 g | ₹3,996,637.12 | Thirty Nine Lakh Ninety Six Thousand Six Hundred and Thirty Seven Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹113,302.66 | One Lakh Thirteen Thousand Three Hundred and Three Rupees |
| 1 Troy Ounce | 31.1035 g | ₹124,309.40 | One Lakh Twenty Four Thousand Three Hundred and Nine Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹3,996,637,124.00 | Three Hundred and Ninety Nine Crore Sixty Six Lakh Thirty Seven Thousand One Hundred and Twenty Four Rupees |
Supply Concentration: Two Countries, One Byproduct Story
Russia and South Africa dominate global palladium supply. That alone would matter, but the more important detail is how the metal actually gets mined: in both countries, palladium comes out largely as a byproduct rather than the main target of the operation — alongside nickel in Russia, alongside platinum in South Africa. A mining company chasing more nickel or platinum doesn't necessarily produce more palladium just because palladium prices rose.
Why that structure amplifies price moves
Because supply can't respond quickly to a demand spike, even a modest disruption — a labor issue, a regulatory change, a processing bottleneck at a major operation in either country — tends to show up in the price fast. This is also why platinum and palladium prices often move together even though their core demand comes from different places: they frequently come from the very same ore.
Palladium Price — Last 10 Days
The most recent Palladium price on record (2026-09-14) is Three Thousand Nine Hundred and Ninety Seven Rupees per gram. This is up by Seven Rupees from the previous day's rate of ₹3,989.79.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-14 | ₹3,996.64 | +6.84 |
| 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 | -91.66 |
| 2026-09-07 | ₹4,243.73 | +22.37 |
| 2026-09-06 | ₹4,221.36 | +0.41 |
| 2026-09-05 | ₹4,220.96 | — |
The Factor That Could Push Back: Substitution
Demand isn't a one-way street here. When palladium trades at a large premium to platinum, automakers have a genuine economic reason to redesign gasoline-engine catalytic converters to lean more on platinum and less on palladium — an industry practice usually called thrifting or substitution. It's real and it's been done before, but it isn't instant: a new converter design has to be engineered, tested, and certified before it ever reaches a production vehicle.
Longer term, the rise of electric vehicles — which don't need a catalytic converter at all — is a factor some analysts watch as a potential drag on palladium demand over time. How much that matters, and how fast, remains genuinely uncertain and depends on the pace of EV adoption relative to gasoline and hybrid vehicle sales worldwide.
What Affects Palladium Price — FAQs
Demand from gasoline-engine catalytic converters. It is palladium's dominant use by a wide margin, so anything that changes gasoline and hybrid vehicle production volumes — or the emissions standards those vehicles must meet — tends to move palladium's price more than almost any other single factor.
Together they account for the large majority of the world's mined palladium. In both countries, palladium comes out mostly as a byproduct — of nickel mining in Russia, of platinum mining in South Africa — rather than being the primary target of a mine. That means supply can't easily expand on its own just because palladium demand rises, and any disruption at a major operation in either country has an outsized effect on global supply.
When palladium trades at a large premium to platinum, automakers have a real economic incentive to redesign gasoline-engine catalytic converters to use more platinum and less palladium. This is a genuine, ongoing industry response, not a theoretical one — though it takes real time, since a new converter design needs testing and certification before it reaches production vehicles.
Indirectly, yes. Because many mines produce platinum and palladium together as byproducts of the same ore, and because automakers can substitute between the two in catalytic converter designs, a big move in one metal's price and supply picture routinely feeds through into the other, even though their core demand drivers — gasoline versus historically diesel-engine catalysts — are different.
Yes. Palladium's global benchmark is set in US dollars, so the INR-per-gram figure shown on this site moves with the USD/INR exchange rate as well as with the underlying dollar price. A weaker rupee can push the local rate up even on a day when the global dollar price barely changes.
