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🇲🇾 Palladium Price Today in Malaysia | RM6,925
Live palladium price in Malaysian Ringgit (MYR) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (MYR)
RM222.63
Per Troy Oz (MYR)
RM6,925
Per Kg (MYR)
RM222,631
USD/Palladium Spot
$1,473.32/oz
USD/MYR Rate
1 USD = 4.7 MYR
Gold/Palladium Ratio
3.06:1
About Palladium
Palladium is a platinum group metal (PGM) primarily used in catalytic converters for gasoline-powered vehicles, accounting for approximately 80% of annual demand. Russia's Nornickel and South Africa's platinum mines are the dominant producers, making palladium one of the most geopolitically sensitive commodities in the precious metals complex. Palladium reached an all-time high of over $3,400 per troy ounce in 2022 before declining as electric vehicle adoption began displacing gasoline vehicle production.
Palladium price in Malaysia: key factors
The palladium price in Malaysia reflects the global NYMEX/LBMA spot price converted to MYR. Local factors such as automotive manufacturing activity and industrial demand from the electronics and chemical sectors can also influence regional premiums. Investors in Malaysiashould be aware that palladium's long-term demand outlook depends heavily on the pace of EV adoption and the potential for hydrogen fuel cell vehicles, which may use platinum as a substitute.
Frequently Asked Questions — Palladium in Malaysia
What is the palladium price today in Malaysia?
The palladium price in Malaysia is the international USD spot price from NYMEX/LBMA, converted to MYR using the current exchange rate. Palladium prices can be highly volatile due to concentrated supply (Russia and South Africa account for 85% of global production) and industrial demand from automotive manufacturers.
What drives palladium prices?
Palladium demand is dominated by automotive catalytic converters for gasoline-powered vehicles, which account for approximately 80% of total demand. Supply is heavily concentrated in Russia (Nornickel) and South Africa. Any disruption to either supply source — sanctions, labour disputes, infrastructure failures — can cause sharp price spikes. The transition to electric vehicles is a long-term demand headwind for palladium.
How does palladium compare to platinum in Malaysia?
Palladium and platinum are chemically similar but serve different automotive applications — palladium is preferred for gasoline (petrol) catalysts, while platinum dominates diesel applications. Palladium has historically traded at a premium to platinum during periods of strong gasoline vehicle production. Currently, both metals are trading at a discount to gold, which is historically unusual.
Can I buy physical palladium in Malaysia?
Physical palladium is available as bars and coins from precious metals dealers in most countries, though it is less widely available than gold or silver. NYMEX palladium futures are the primary liquid vehicle for larger investors. ETF products provide another option without the logistics of physical storage.