The spot price of Palladium is the market price at which one ounce of Palladium can be bought and sold for instant delivery. The Palladium spot price is constantly changing, making it crucial to remain updated on performance indicators such as market conditions and current events because they greatly affect the buying and selling of Palladium.
 
The Palladium price is always quoted in troy ounces but can be converted into any quantity a person wants to buy or sell. Palladium spot prices are universal, as most Palladium markets use live Palladium prices listed in U.S. dollars, so the price of Palladium per ounce is the same worldwide.