Answer
Apr 29, 2026 - 06:24 AM
The spot price of palladium sits at $1,451.00 per ounce as of 9 AM ET today, April 29, 2026. This represents a notable 1.86% dip from yesterday's reading of $1,478.50. Palladium has faced intense downward pressure this month as the automotive sector—which accounts for the vast majority of global palladium demand for catalytic converters—faces headwinds from ballooning energy costs. As global brokerages cut their 2026 auto-manufacturing forecasts amid the ongoing Middle Eastern shipping disruptions, speculative momentum has steadily faded for the metal. Chart analysts are closely watching the $1,400 psychological support zone to see if physical buyers will step in to halt the current slide.
