In this compelling conversation with Tom Bodrovics of Palisades Gold, VON GREYERZ partner, Matthew Piepenburg, bluntly dissects the empirical realities from the main stream fantasies regarding the risk-asset and economic narratives making the...
Current Price of Palladium Today
Palladium Prices per Ounce, Gram, and Kilogram
| Palladium Price Now | Change | ||
|---|---|---|---|
| Palladium Price per Ounce | $1,015.23 | -25.28 | |
| Palladium Price per Gram | $32.64 | -0.81 | |
| Palladium Price per Kilo | $32,639.64 | -812.75 | |
| As of Nov 22, 2024 05:59 PM ET | |||
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The latest price of palladium per ounce, gram, and kilogram using real-time interactive palladium price charts. View the price of palladium for different currencies around the world and various time periods. Historical palladium prices are provided for context and to help inform investment decisions.
Gold Eagle has been a premier destination for gold prices since the dawn of the internet, founded in 1997. We publish gold market news, gold price forecasts, and commentary that provides insight into the current and future price of gold, precious metals, and the state of the economy in general. Our authors and analysts are some of the most respected in the world.
Palladium Price Performance per
| Timeframe | Rate | Change | % |
|---|---|---|---|
| 1 Week | 1,103.23 | -88.00 | -7.98% |
| 2 Weeks | 1,066.98 | -51.75 | -4.85% |
| 30 Days | 1,138.93 | -123.70 | -10.86% |
| 6 Months | 969.19 | +46.05 | +4.75% |
| 1 Year | 1,073.22 | -57.99 | -5.40% |
| 5 Years | 1,806.06 | -790.83 | -43.79% |
| 10 Years | 791.00 | +224.23 | +28.35% |
Palladium Price Charts
By hovering your mouse within the graph of the Palladium prices chart you can also view the price of Palladium for specific days.
Price of Gold FAQ
What impacts the current price of gold per ounce?
- Strength of US dollar
- Industrial and commercial demand
- Gold supply
- Fed actions / monetary policy
- Geo-political events
- US interest rates
- Inflation expectations
- Investment demand
For a detailed explanation, read What Affects The Price of Gold.
How does the price of gold perform during recessions?
Gold prices typically increase during economic recessions. One way to analyze gold prices during a recession is by comparing its performance with the S&P 500. Below are the dates of the largest declines of the S&P 500 and the performance of gold prices during the same period. This data shows that gold increased significantly in 75% of these recessions.
Is the price of gold different in other countries?
The current price of gold is the same, all things considered, in other countries. The US gold price is converted to the currency in that country based on the current exchange rate. In other words, no matter where in the world you purchase gold, the actual value of that gold in US dollars is the same. The below chart shows the annual gold price performance versus various fiat currencies.
How many grams are in an ounce of gold?
There are 31.1034807 grams in one troy ounce of gold. A troy ounce is a larger system of measurement for precious metals known as Troy weights. A regular ounce of gold is equal to 28.35 grams.
How does the current gold price compare to historical gold prices?
The price of gold has increased approximately 4,750% since 1935 when President Franklin D. Roosevelt raised the value of gold to $35 per ounce. This is compared to today’s gold prices (June 2020) that are hovering around $1,700.
If you compare the goldprice today (June 2020) with the prices at the beginning of this millennium (January 2000), the price of gold has increased approximately 496%. This is 3x the increase of the Dow Index during this period.
Is the price of gold too volatile for the average investor?
Gold is no more volatile than the stock market. Gold prices can have sudden ups and down just like other commodities but it is also known to go through long periods of time with relatively quiet price activity. Overall, gold is viewed by many financial experts as a long-term store of value which is why so many recommend having gold as part of your investment portfolio.
Is it true the price of gold goes up when the stock market goes down?
The price of gold is negatively correlated to the stock market most of the time. When the markets go down gold prices often go up. That being said, there are times when the price of gold and the stock market both go up or down in unison. Overall, however, time has shown that gold prices are not tied to the movements of stocks and bonds and it is for this reason the gold should be an important consideration to protect the long-term value of your investment portfolio.
Do current gold prices vary by country?
The price for an ounce or gram of gold remains mostly the same regardless of which country you are in. The price is determined by converting the current spot gold price for an ounce or gram of gold into the country"s currency. For example, the current spot gold price for 1 gram of gold would be converted into Indian Rupees according to the current exchange rate.
How is the current price of gold per ounce determined?
There are many factors that contribute to the current price of gold. Chief among these factors is the strength of the US dollar. Traditionally gold has an inverse relationship to the value of the dollar. In other words, when the value the US dollar is strong, gold prices go down. Related, the strength of major economies also has an inverse relationship to the price of gold - at least when an economy has a significant downturn. All of this is due to the “safe haven” status gold has traditionally had in the investment world. Gold prices are historically far more stable over the course of time than economies and other classes of investments.
Supply and demand, of course, also play a key role in the price of gold per gram or ounce. There is only so much gold to be mined and gold mining is not cheap. When gold demand outstrips gold supply, the price of gold goes up. The chief areas of gold demand are in gold jewelry. In 2017, 46% of demand for gold was for jewelry. There is also the use of gold in industry for such things as electronics and medical devices.
How much is an ounce of gold?
The price of gold per ounce is perhaps the most common way investors monitor the gold market. The image below shows a 1 ounce gold nugget and a 1 ounce gold coin - in this case a gold eagle coin. The Gold Price Now chart at the top of the page shows the current value of gold in US dollars. You can also get the price of gold in other world currencies by selecting a different currency from the drop down menu below the chart.
What is the gold/silver ratio?
The gold/silver ratio is the relationship between gold and silver prices. Investors often consider the historical gold/silver ratios to analyze how they are priced relative to one another.
Featured Gold Price Articles
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
I’m not a perma-bull on gold, and I invest in a variety of asset classes depending on where value is in the market.
For example, I sold my gold and silver coin collection at high levels in 2011 because there was so much enthusiasm in the space and started buying back in 2018 with a long-term bullish outlook when gold touched $1,200. After an initial large investment in 2018, I’ve been dollar-cost averaging into gold and golds stocks over the past year.
Although we may have pullbacks along the way, and gold may retest its previous resistance level in the high $1,300’s as support at some point, my base case is for gold to reach or at least test new all-time highs in dollar terms as the rest of this business cycle plays out into the early half of the 2020’s decade.
How I Value Gold
Gold is challenging to value because it doesn’t produce cash flows, so discounted cash flow analysis and other valuation methods are out the window. I treat it as a currency, but I cannot use most of the same metrics that I value other currencies with (such as foreign-exchange reserve levels, current account balances, purchasing power parity vs exchange rates, and so forth).
Therefore, I use a combination of two primary methods to value gold, along with a set of secondary metrics for confirmation.
Valuation Method One: Gold vs Money Supply
For the first method, I track the price of gold relative to the growth of U.S. broad money supply per capita over the long run. According to the World Gold Council, there have likely been about 190,000 metric tons mined in human history, and most should still be around. This comes out to approximately 6.7 billion ounces, which is slightly less than one ounce per person in the world. This is a very rough estimate and the exact number is not important.
Gold production increases the total estimated gold supply by 1-1.5% per year, which is roughly in line with human population growth. So, the amount of gold per person stays relatively stable over time, and new gold production gets increasingly more expensive as easy deposits are mined out. In contrast, the number of U.S. dollars per person increases substantially over time, so we would expect to see dollars devalue relative to gold over the long-term at a pace roughly equal to that differential.
This chart, for example, shows the per-capita broad money supply of the United States (blue line) relative to the price of an ounce of gold (red line), indexed to 100 in 1973:
