Palladium market chart
Historical benchmark in GBP per troy ounce; weight conversions are shown in the tables.
Palladium Price Chart in GBP per Pennyweight
Live palladium price history in British Pound (GBP) per pennyweight. Toggle 24H, 7D, 30D, and 1Y ranges to analyze palladium trends.
Quick Calculator
Calculate palladium value
= 1.5552 grams
= 0.050000 troy ounces
Price per dwt: —
Palladium price by currency
Fine palladium per pennyweight · current exchange rates
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US Dollar
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Taiwan Dollar
Palladium price by weight
| Weight | Grams | Spot value (GBP) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
What is a Pennyweight? Palladium weight, conversions and local use
Definition. The pennyweight (1.55517 g, one twentieth of a troy ounce) is the unit American jewellers and scrap buyers still quote in. One pennyweight equals 1.55517 grams, or 0.05000 troy ounces, which at today's palladium spot price works out to — GBP.
Where it is used. Repair work, casting weights and scrap gold offers in the US are almost always priced per pennyweight rather than per gram. The unit is the trading standard in United States jewellery trade.
Pricing conventions. A scrap buyer quoting per dwt is quoting on a unit roughly 1.5 times a gram, so always convert before comparing with an online per-gram offer. Palladium is almost entirely an industrial metal, so a retail quote in this unit is a conversion from the ounce price rather than a rate you will see posted in a shop.
Good to know. The name survives from the medieval English penny, which literally weighed one pennyweight of silver.
Palladium price per Pennyweight in GBP — quick conversion table
| Quantity | Grams | Troy ounces | Value (GBP) |
|---|---|---|---|
| 1 pennyweight | 1.555 g | 0.0500 oz t | — |
| 5 pennyweights | 7.776 g | 0.2500 oz t | — |
| 10 pennyweights | 15.552 g | 0.5000 oz t | — |
| 100 pennyweights | 155.517 g | 5.0000 oz t | — |
Values are calculated from the live XPD spot price converted into British Pound and refresh with the price above.
Buying Palladium in United Kingdom: local market, taxes and premiums
At the live price shown above per pennyweight, the price you see here is the international XPD spot price converted into British Pound. Physical buyers in United Kingdom pay that reference plus a premium, and local trading is concentrated around London, the world's largest OTC bullion centre. Buyers there generally watch the twice-daily LBMA auction fixed in London as the day's reference.
Taxes and duties. Silver, platinum and palladium attract 20% VAT unless stored in an HMRC-approved bonded vault. Palladium is dominated by industrial buyers, so retail coins and bars are scarce and premiums move sharply with supply news. That is why the shop price of palladium in GBP can sit noticeably above the spot value of the same pennyweight of metal.
How people usually buy. The common routes in United Kingdom are Royal Mint bullion, London dealers such as those around Hatton Garden, online dealers and LBMA-vaulted allocated accounts. The products most often quoted locally include Gold Britannia, Sovereign, 1 kg silver bars, allocated vault grams.
Local conventions. London is the pricing centre for the LBMA Gold Price, quoted per troy ounce and settled in loco London good-delivery bars. Before you buy, compare the dealer's asking price per pennyweight with the live palladium price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline GBP quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in United Kingdom can change.
Other Precious Metals in GBP
Compare prices across different precious metals
About Palladium Price in GBP
What is Palladium?
Palladium is a rare, lustrous silvery-white metal discovered in 1803. It is the least dense and has the lowest melting point of the platinum group metals.
History
Palladium was discovered in 1803 by William Hyde Wollaston, who named it after the asteroid Pallas.
Common Uses
Interesting Facts
- •Over 80% of palladium is used in catalytic converters
- •Russia and South Africa produce 80% of the world's palladium
- •Palladium can absorb up to 900 times its own volume of hydrogen
Palladium Price Per Pennyweight in British Pound
The current palladium price per pennyweight in British Pound (GBP) is updated in real-time based on international market rates. Palladium is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling palladium in United Kingdom, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in pennyweights, which may be more practical for local transactions.
The pennyweight is a unit of mass equal to 24 grains, 1/20 of a troy ounce. This unit is commonly used when trading palladium in various markets around the world.
Palladium Long-Term Returns vs Current GBP Price
How palladium has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for United Kingdom investors tracking palladium in GBP.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Palladium price in GBP – FAQ
How much does one ounce of palladium cost in GBP today?
One troy ounce of palladium currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XPD/GBP rate.
What is the current palladium rate in United Kingdom today?
The current palladium rate in United Kingdom is the live spot price shown on this page per pennyweight. Prices refresh every 5 minutes and follow the international Palladium spot price converted to British Pound.
How much is 1 pennyweight of palladium in GBP?
1 pennyweight of palladium equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the GBP exchange rate (1 pennyweight = 1.55517 grams).
How is the palladium price per pennyweight calculated?
The palladium price per pennyweight is calculated by converting the international spot price (quoted per troy ounce in USD) to GBP using the current exchange rate, then converting to the pennyweight weight unit (1 pennyweight = 1.55517 grams).
Do I pay tax or VAT when buying palladium in United Kingdom?
Silver, platinum and palladium attract 20% VAT unless stored in an HMRC-approved bonded vault. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per pennyweight more than small differences in the GBP spot quote.
Where do people usually buy palladium in United Kingdom?
The usual routes are Royal Mint bullion, London dealers such as those around Hatton Garden, online dealers, LBMA-vaulted allocated accounts. Local trading is centred on London, the world's largest OTC bullion centre, and the products most often quoted are Gold Britannia, Sovereign, 1 kg silver bars, allocated vault grams.
Why is the shop price of palladium higher than the spot price in GBP?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Palladium is dominated by industrial buyers, so retail coins and bars are scarce and premiums move sharply with supply news. Compare the asking price per pennyweight with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the United Kingdom palladium market follow?
Local buyers generally follow the twice-daily LBMA auction fixed in London, converted into British Pound (GBP). London is the pricing centre for the LBMA Gold Price, quoted per troy ounce and settled in loco London good-delivery bars.