How the 2 ounces of 950 palladium price in AUD is calculated
Every figure on this page starts from the global palladium spot price, which is quoted in US dollars per troy ounce. Right now that is $1,039 per ounce. A troy ounce weighs 31.1035 grams, so one gram of pure palladium costs $33.40. We convert that to Australian Dollar at the live rate of 1 USD = 1.4442 AUD, giving A$48.24 per gram of pure metal.
Because 950 palladium is 95.0% pure, we multiply by 0.95, which gives A$45.83 per gram and A$1,425 per troy ounce. Multiplying by the weight of 2 ounces gives the headline value of A$2,851. Compared with yesterday's reference price, the value is up 1.31% in AUD terms.
The formula
Value = spot price per ounce ÷ 31.1035 × grams × purity × USD/AUD rate. Our calculator above applies this formula instantly to any weight and purity.
Worked examples with today's numbers
- 10 grams of 999 Fine palladium: 10 × A$48.24 × 0.999 = A$481.91
- 10 grams of 950 palladium: 10 × A$48.24 × 0.95 = A$458.27
- 10 grams of 500 palladium: 10 × A$48.24 × 0.5 = A$241.19
- One kilogram bar of pure palladium: A$48,239
What moves the palladium price
Palladium depends heavily on gasoline-engine catalytic converters, so car sales and the shift to battery-electric vehicles weigh on demand, while Russian supply accounts for a large share of global output.
Over 80% of palladium is used in autocatalysts, with smaller amounts in electronics, dentistry, hydrogen purification and jewelry. In Australian Dollar terms, the exchange rate matters as much as the metal itself: if the AUD weakens against the US dollar, the local price rises even when the dollar price is flat.
Tips before you buy or sell
- Compare dealer quotes with the melt value shown here. A fair buy-back offer for bullion is usually within 2–5% of spot; for jewelry and scrap expect 70–95%.
- Palladium bullion coins and bars are less widely traded than gold, so liquidity and dealer spreads vary more from one buyer to the next.
- Weigh items on a calibrated scale in grams. Kitchen scales are often off by more than 1 gram, which can change the value of 2 ounces of 950 palladium materially.
- Check prices at different times of the day. The market trades almost 24 hours on weekdays and the most liquid period is the London and New York overlap.
- Remember that VAT, import duty and making charges are not included in spot prices. See our methodology for details.
Spot price vs. retail price
The spot price is the wholesale price for large, good-delivery bars traded between banks and refiners. Retail products cost more because of minting, assaying, insurance, shipping and dealer margin. Small coins and bars can carry premiums of 3–10% for gold and 10–30% for silver, while jewelry adds design and labor costs. When you sell, you receive a price based on spot minus the buyer's spread, so the figures on this page are the best neutral reference for negotiating.
Price data is provided by MetalflowAPI and refreshed about every minute. Values are indicative and not an offer to buy or sell.