Palladium
 

Palladium Trading Basics

Palladium (XPD/USD) is a precious metal that belongs to the Platinum group. Traditionally used in jewelry as well as in various industrial applications, it always maintained a healthy demand. Palladium is quoted in U.S. Dollars per troy ounce and an international lot size consists of 100 troy ounces.

As many of palladium's applications parallel that of platinum's, it is often used as a lower cost alternative to its more famous sibling.

Like platinum, it is used in pollution control, chemical processing and in electronics. Unlike platinum, its use in jewelry is mainly as a hardening agent in platinum alloy or making white gold. Pure palladium is seldom seen in jewelry, despite efforts to promote the metal as a viable alternative to platinum. Unlike platinum, it may discolor upon heating to above 400 °C (752 °F), and is relatively brittle and reacts with strong acids such as nitric acid.

History of Palladium

William Hyde Wollaston noted the discovery of a new noble metal in July 1802 in his lab-book and named it palladium in August of the same year. It was named after the asteroid Pallas, which had been discovered two months earlier. Palladium chloride was at one time prescribed as a tuberculosis treatment.

Trading Time

XPD/USD can be traded on our platform on the following times

12:00 am to 11:00 pm (Central European Time) Monday to Friday.

10:00 pm to 09:00 pm (GMT) Sunday to Friday.

Contract Specifications for Palladium

Class

Symbol

Description

Commodity

XPD/USD

Palladium quoted in U.S. Dollars

Standard Tradable Quantity (also called a LOT)

100 troy ounces (1 standard lot)

Minimum Tradable Quantity (the fraction of lot available to trade)

10 troy ounces (1 troy ounce = 31.10348 grams approximately)

Base Currency (Currency used for margin, P&L and other calculations)

United States Dollars

Tick Size (The least incremental change in the price of the index)

0.01 (example price: $836.98 changes to $836.99 at least)

 

العقود مقابل الفروقات (CFD): 
Precious-Metals