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Platinum to Palladium Ratio
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Bullion Exchanges welcomes you to our palladium vs platinum price chart page. This page displays the ratio of platinum to palladium, available for viewing, anytime. Ratio charts provide an important measure that helps investors and collectors make educated decisions about when to invest in one precious metal over another. Using individual spot prices alone might help you in the short term, but if you are looking to diversify your investments, the platinum palladium price ratio is one chart you might consider using when buying platinum group metals (PGM).
We offer charts right here, and tools through our Learning Center, to help you learn about and stay informed of the current platinum and palladium prices, and more. Our palladium vs platinum price chart page presents data for both short and long-term analyses. On our page, you can easily find the live spot price fluctuations of the platinum palladium ratio over the past 60 minutes by choosing “1 Hour” directly on the chart. However, you can also explore changes over time including the past twenty-four hours, one week, one month, three months, one year, and further. To view other charts, select your chosen metal or cryptocurrency from the list below to view its current and past price history. We provide live price charts for gold, silver, platinum, and palladium in addition to ratio charts that track how certain related metals trade in comparison at a given time. Move your cursor over our live charts to see the exact price or ratio spread at specific times.
Bullion Exchanges strives to offer the most up-to-date information on our live price charts, Learning Center, and blog. Feel free to use all our provided information to help you stay informed and choose the right investments for you. Our live price charts like this platinum vs palladium price chart, are available 24/7 to assist buyers.
Platinum Palladium Price Ratio Alerts
Timing is key when it comes to investing, this is especially the case in the precious metals market. To protect your investments of any kind, you must maintain vigilance so you can make calculated decisions. The price of platinum and the price of palladium both continually whenever the market is open. Therefore, the ratio of platinum to palladium can also change at the same time. Rather than constantly monitoring the changing platinum vs palladium ratio chart, you have the option to sign up for price and/or market alerts with Bullion Exchanges. This indispensable tool might help you plan and decide if or when you should buy or sell platinum or palladium.
Keeping track of any changes to the platinum vs palladium ratio can be taxing. Therefore, Bullion Exchanges keeps you in the loop by inviting you to use our “Market Alert” feature. This allows you to set up free customized alerts and notifications when the platinum palladium ratio reaches your target threshold. Alternatively, you may consider using our “Price Alerts” on either the platinum or palladium spot price, or track the price of specific products on our website. These options are here to assist you with finding the best time to take immediate action and buy platinum after selling your palladium, or vice versa.
Receiving market alerts may help you make informed decisions about buying and selling in the precious metals market. These alerts further simplify keeping track of updates regarding the ratio of platinum to palladium. Also check out our blog to see major political, business, and environmental news related to the precious metals market, and for new product releases.
How to Sign up for Market and Price Alerts
Signing up for a palladium platinum price ratio chart alert is easy. First, create an account by simply entering your email address and choosing a password. Once you verify your email, you are free to sign up for personalized notifications at no additional cost.
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Price Alerts – If there is a product you wish to buy, but it is currently out of your price range, Bullion Exchanges’ price alerts are just the thing you need! Set up alerts on any of our listed products, and you will receive an email when your chosen product(s) reaches your target price.
- Select your desired product
- Sign in to your account
- Click on Price Alert
- Fill in the price and quantity
As your chosen product reaches your pre-set desired price threshold, you will receive an email alert. This alert allows you to move quickly on bullion and have a greater chance to beat anyone else who wants to get in on the deal!
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Market Alerts – Paying attention to the current gold to platinum ratio can be time-consuming. Make it easy on yourself by setting up market alerts to receive notifications if the market moves in the direction(s) you are interested in. If you already have an account, simply:
- Click on the Market Alert icon
- Sign in to your account
- Select Au to Pd Ratio
- Choose the market movements you are interested in
- Enter a dollar amount or percentage
- Save your settings
Log in to or create a free Bullion Exchanges account to manage your Alerts. When creating an account, you can also sign up to receive newsletters, daily deal alerts, and product price alerts to keep you 100% in the loop!
Besides easily managing your customized alerts, setting up a free Bullion Exchanges customer account also gets you 500 FREE BULLIONAIRE BUCKS. This is on top of receiving daily deal alerts and notifications on expiring reward points. Do not miss your chance to easily buy palladium or gold bullion when the time and the price are right!
FAQs
The palladium vs platinum price chart represents a mathematical comparison between the two platinum group metals. This tool is often used to understand if one metal is a better buy in comparison to the other. For instance, if platinum is worth about $1,200 and the palladium price is $2,400, it would have a ratio equal to 2:1, or just 2. This even further simplifies to say that 2 troy oz of platinum equals 1 oz of platinum. Someone who has that amount in platinum might decide to sell it and then buy palladium, or vice versa.
The platinum to palladium ratio is displayed in troy ounces with Bullion Exchanges. However, you might also find that the ratio can be measured in grams, kilograms, tonnes, and more.
Both platinum and palladium are platinum group metals and often trade in similar ways to each other. However, you can use this ratio to determine if one is overbought in comparison to another. As a result, you can decide if you want to buy or sell one metal over another at any given time. If the ratio is high, then it may mean that palladium is oversold with very high demand. So, you might consider selling your palladium or buying platinum, which is undervalued in comparison. On the other hand, if the ratio is low, then palladium could be the better choice to buy at that time in comparison to platinum.
Using the platinum vs palladium ratio chart can help you make an educated decision to enter, exit, or hold your current investments in the market. Having a diversified safe haven portfolio maximizes your hedge since not all metals trade with the same factors weighing on them. For instance, gold is heavily used as an investment vehicle, but palladium is more impacted by the automobile industry.
More than 70% of the yearly platinum supply is exported by South Africa, a country with major geopolitical risks. Other producers include Russia at 10-12%, Zimbabwe at 5%, and Canada at 4%. The US produces less than 2% per year.
The palladium supply is more evenly distributed across Russia and South Africa, making it slightly less subject to single country risk. Russia and South Africa each manufacture about 38-39% of world demand. In 2020, Russian and South African mining made up 43% and 33%, respectively. Canada produced 9.5%, the United States around 7%, and Zimbabwe came in around 6%.
If you are a seasoned investor, you may have noticed that platinum group metals can be volatile and expensive. Indeed, both metals can massively and suddenly spike or plummet. Sometimes platinum and palladium prices can strongly diverge. This is because of a few reasons, one of which is that platinum and palladium are both small markets. Platinum primarily comes from South Africa, whereas palladium sees exports from both Russia and South Africa with similar volumes. Therefore, geopolitical events can easily affect the platinum and palladium prices if it affects the supply.
Cumulatively, these two markets have been nearly congruent in size for over 25 years, according to current data. Because of this, platinum and palladium should technically trade at about the same price. But they clearly do not. This is because supply and demand make the PGM markets incredibly volatile, especially as industrially favored instruments. Because palladium is usually only produced as a byproduct of platinum and/or nickel mining, it is much rarer. Due to supply constraints, palladium is often more expensive than platinum, though this was not always the case!
Learn more about the fundamental factors for both platinum and palladium for free in our Learning Center.
Platinum and palladium prices are extremely subject to industrial demand, so if industrial demand slows, these prices may fall. For example, if a company starts to decrease the production of cars then the prices of these metals may noticeably plummet. This is because both metals are used in automobiles’ catalytic converters.
Fluctuations in the relative prices of platinum and palladium are largely driven by the health and growth of the world’s economy. This is especially the case in demand for gasoline and diesel combustion engines. On top of that, geopolitical issues in South Africa can wreak havoc on the platinum supply.
Platinum is also a jeweler and investor favorite because of its high density. Its applications vary industrially. Minor uses comprise about 60% of its demand each year. Specifically, about 30% is used in jewelry, but 10% is for investment demand. But, times of economic turmoil often make platinum behave like gold from widespread hoarding.
On the other hand, palladium’s industrial demand is much higher, making up around 94% of the total. The automobile market, for the most part, dominates the palladium market. Other significant demand comes from the electronic, dentistry, and chemical industries. A slim 5% constitutes jewelry demand, and there is usually rather small investment demand.
The average ratio of the palladium platinum price ratio from 1991-2021 was 2.51, with a high over 5.30 to below 0.50. In the 90s, the ratio was on the decline, reaching a historic low in 2001. This low was spurred by rumors that Russia was going to restrict and stop selling palladium entirely. This inspired frantic demand for palladium by automobile manufacturers. Although platinum was widely used before palladium for the purpose of catalytic converters, a change in fuel production reduced its effectiveness. Therefore, palladium became more efficient at reducing emissions, but it was cheaper before these rumors sparked intense trading. Afterwards, Russia dumped palladium on the market, plunging the price and increasing the ratio.
Times of war and turmoil in the oil industry heavily impacted platinum and palladium prices. When platinum was more expensive, palladium was used as a substitute. Today, palladium is more expensive than platinum, but this can change at any time if one proves to be more efficient than the other.
The platinum-palladium ratio can ascertain whether one metal is over or undervalued with respect to the other. A monthly ratio below 0.89 is quite rare. In fact, ratios less than 1.0 rarely occur. This occurred in late 2000 to mid-2001 after the rumors that Russia was not going to continue exporting palladium. This made anxious investors start buying palladium in a frenzy, only for the market to suddenly be flooded with palladium. They price of palladium came crashing down after.
Therefore, a lower ratio might indicate a good time to diversify into palladium bullion. This metal is very rare and could be the centerpiece of your collection. However, a higher ratio might mean that you might find a better deal on platinum bullion at that time. This ratio has a history of gradual, but extreme, swings. Understanding the ratio can help you discover buying and selling opportunities when platinum is high or palladium is high.
Paying attention to the spot prices alone might not show you the whole picture of the bullion market. For this reason, you might want to also utilize our platinum vs palladium ratio chart.
If you have any questions or concerns, please do not hesitate to contact us. Our customer service team is available Monday through Friday from 9 AM to 5 PM EST, excluding holidays.