Palladium metal, its price and the specifics of trading this asset on the stock exchange

Palladium is a rare, silvery-white metal belonging to the platinum group. It is highly malleable and ductile, making it an ideal material for a variety of applications.

Due to its unique properties, palladium is an important material in many industries, including:

Automotive industry: Catalytic converters.

Electronics: MRI, capacitors.

Jewelry industry: Jewelry.

Chemical industry: Catalysts.

Dentistry: Dental alloys.

Water Purification: Hydrogen Purification Membranes.

Demand for palladium is constantly growing, and reserves of this precious metal are very limited, making it a valuable investment instrument.

Currently, the price of palladium is around $930 per troy ounce , and its value is directly correlated with the exchange price of gold:

This means that the value of this metal is constantly growing in the long term, just as it happens with gold.

Palladium rises in price slightly later than gold, which provides excellent opportunities for profit. The main thing is to notice when the price of gold and buy palladium.

Where to buy palladium metal?

You can buy this precious metal through a stockbroker, who provides the opportunity to trade metals on the exchange.

Unfortunately, there aren't many such brokerage companies today. One of them is InstaForex , whose trading platform offers XPDUSD.

When talking about the specifics of palladium trading, the following points can be highlighted:

• One lot equals 100 troy ounces
• A commission is charged for opening transactions
• A fee is also charged for carrying over positions to the next day

The minimum trade is 0.01 lots, or one troy ounce, which at the current price is worth $930. Considering the leverage of 1:10, it's an order of magnitude less.

Palladium is a highly volatile , so trading it can bring quite good profits, both when buying and selling.