GOLD-PALLADIUM RATIO · XAU/XPD · 2026
Gold-palladium ratio: how much palladium for one gold?
3.99 grams of palladium = 1 gram of gold
at the top of the 1-year range
Computed from live world-market prices
▲ +43.13% over 1 year · the ratio rose: palladium lagged gold
The gold-palladium ratio (gold-palladium ratio) shows how many units of palladium you get for one unit of gold, that is, which metal has become expensive relative to the other. The same figure answers the reverse question (palladium-to-gold ratio): the pair is quoted this way in both directions. Unit-independent: gram/gram and ounce/ounce give the same number.
Gold-palladium ratio chart
Price range
Gold/Palladium (XAU/XPD) price over 1Y: 2.79 XPD → 3.99 XPD (+43.13%). High 3.98 XPD, low 2.29 XPD.
Chart by TradingView Lightweight Charts™
Gold / Palladium ratio daily closes
| Date | Ratio | Change vs previous day |
|---|---|---|
Both legs are Goldtresor PriceEngine™ quotes, so the quotient is our own data. “Daily close” means our quote at 17:00 CET (18:00 Budapest time while summer time is on).
Gold
PalladiumDownload the full series by year
The five days above come from the chart's daily closes. The yearly file is built from the Goldtresor Fix™, our daily reference price, instead: pick a year and get the ratio for every business day, with each metal's reference price alongside.
CSV · date, ratio, XAU and XPD price (USD per gram). Source: the Goldtresor Fix™, both legs are our own daily reference price.
How is it usually read?
High or low ratio
A high ratio means palladium is cheap relative to gold; a low one the opposite. Many use it to time a shift between the two metals, but the ratio can stay at a level for years, with no guaranteed reversion.
Palladium is the thinnest market
Of the four precious metals palladium has the smallest and least liquid market, with demand almost entirely industrial, mainly autocatalysts. The ratio can therefore swing to extremes and stay there. Not a forecast.
Not investment advice, just how the metric is commonly read.
Rebalancing between gold and palladium
Both metals are available on a precious-metals account: you sell one and buy the other while your holdings stay in an insured vault. A one-step gold↔palladium swap is in development. Note: palladium held with us sits in the Zurich free zone, so it trades VAT-free, VAT does arise on physical delivery.
Related rates
Metals and crypto measured against each other
All 15 pairs from live prices. Read it like this: 75.31 silver = 1 gold. Between two metals the ratio is unit-independent: gram to gram and ounce to ounce are the same. Crypto is counted per coin, and in a crypto–metal row the metal is in troy ounces.
| Pair | Ticker | Ratio |
|---|---|---|
| Metal / metal | ||
| Gold/silverXAU/XAG | XAU/XAG | 75.31 |
| Gold/platinumXAU/XPT | XAU/XPT | 2.64 |
| Gold/palladiumthis pageXAU/XPD | XAU/XPD | 3.99 |
| Platinum/silverXPT/XAG | XPT/XAG | 28.57 |
| Palladium/silverXPD/XAG | XPD/XAG | 18.86 |
| Platinum/palladiumXPT/XPD | XPT/XPD | 1.51 |
| Crypto / metal | ||
| Bitcoin/goldBTC/XAU | BTC/XAU | 19.89 |
| Ether/goldETH/XAU | ETH/XAU | 0.5774 |
| Bitcoin/silverBTC/XAG | BTC/XAG | 1,498.2 |
| Ether/silverETH/XAG | ETH/XAG | 43.49 |
| Bitcoin/platinumBTC/XPT | BTC/XPT | 52.43 |
| Ether/platinumETH/XPT | ETH/XPT | 1.52 |
| Bitcoin/palladiumBTC/XPD | BTC/XPD | 79.42 |
| Ether/palladiumETH/XPD | ETH/XPD | 2.31 |
| Crypto / crypto | ||
| Bitcoin/etherBTC/ETH | BTC/ETH | 34.45 |
Frequently asked questions
How many grams of palladium one gram of gold is worth. A high value means palladium is cheap relative to gold; a low value the opposite. The calculation is unit-independent: gram/gram and ounce/ounce give the same number.
