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Palladium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Why Palladium Specifically Got So Expensive
At ₹3,996.64 per gram today, palladium is a metal most people had barely heard of a couple of decades ago, let alone expected to see command premium pricing. The short version: it sits at the intersection of surging gasoline-vehicle demand and a supply base that simply could not expand to match.
Palladium's dominant job is inside the catalytic converter of a gasoline-engine car, where it helps convert harmful exhaust gases into less harmful ones. As governments worldwide tightened emissions standards and gasoline and hybrid vehicles kept selling in huge numbers, the metal that made those engines compliant became more valuable almost by definition.
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 |
The Supply Side Made It Worse
Demand alone rarely explains a price this dramatic — supply usually has to cooperate too, and in palladium's case it did the opposite. Russia and South Africa dominate global mine output, and in both countries palladium comes out mostly as a byproduct: of nickel mining in Russia, of platinum mining in South Africa. Neither country can simply decide to mine more palladium the way an oil producer might open another well.
A genuinely narrow supply base
That concentration means the palladium market has always been thin relative to gold or silver, and thin markets move further on the same amount of demand pressure. Add real geopolitical risk tied to having so much supply concentrated in just two countries, and you get a metal where price spikes have historically been sharper and faster than in almost any other precious or industrial metal.
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 | — |
This Isn't a Permanent Law of Nature
None of this means palladium's premium is locked in forever. Automakers have real economic reasons to redesign gasoline catalytic converters to use more platinum when palladium's price gap gets wide enough — a genuine, ongoing industry response known as substitution or thrifting, not a hypothetical one. It simply takes time, because a new converter design has to be tested and certified before it reaches production cars.
For the full picture of how palladium and platinum actually stack up against each other right now — not just why palladium became expensive, but what it means for the two metals together — the dedicated platinum vs palladium price comparison on this site covers that relationship directly, including the live price gap between them today.
Why Is Palladium So Expensive — FAQs
It comes down to a demand-supply mismatch that built up over years: gasoline and hybrid vehicles kept selling strongly while emissions rules kept tightening, both of which increase demand for the palladium used inside gasoline-engine catalytic converters. Supply, meanwhile, is concentrated in Russia and South Africa and comes largely as a byproduct of other metals, so it could not easily expand to match. Today that rate sits at ₹3,996.64 per gram.
Whether palladium trades above or below gold varies over time and is visible directly in the live price comparison on this site rather than being a fixed fact. What is well documented is that palladium traded at a real, sustained premium over both platinum and gold for a multi-year stretch roughly from 2017 into the early 2020s — a genuine reversal of its historically lower price.
Catalytic converter chemistry differs by engine type, and palladium is the metal that works best in the gasoline-engine version of that technology, while platinum has historically done the equivalent job for diesel engines. As gasoline and hybrid vehicles maintained strong global sales, palladium demand rose with them in a way platinum-tied diesel demand did not.
It is a real possibility some analysts watch for, mainly through automaker substitution — redesigning catalytic converters to use more platinum when palladium's premium is wide enough to justify it — and potentially through slowing gasoline-vehicle demand as electric vehicles gain share. Neither is a certainty or a timeline, just a description of the mechanisms that exist.
For the full, live comparison between the two — including how their relationship has flipped over time and why automakers can substitute between them — see the dedicated platinum vs palladium price comparison rather than relying on a one-line answer here.
