The platinum-group metals are the weakest part of the precious-metals complex. Palladium’s front-month future closed at $1,115 on Friday. That is 14.2% lower than a month ago, 31.6% lower this year and only 2.6% above its 52-week low of $1,086.50.
Platinum closed at $1,639.70, down 8.1% on the month and 19.4% this year. Our data show a record close of $2,852.40 on 26 January 2026, so platinum is 42.5% under that peak, although it is still 11% above its 52-week low of $1,477.10.
Why these two behave differently from gold
Most demand for platinum and palladium comes from catalytic converters in cars, with additional uses in jewellery and industry. Their prices therefore depend on automotive production and emission rules as well as on investment flows. Palladium in particular is tied to petrol vehicles, and it has lost 32.6% over the past year.
These metals also trade in smaller markets than gold, so moves can be sharp. The weekly changes were smaller than the monthly ones: palladium fell 2.2% on the week and platinum 2.4%.
We do not forecast these markets. You can see each metal’s chart, range and yearly history on its page.