Palladium rate in Sberbank of Russia for today: online chart of the cost of 1 gram + dynamics and forecast

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Investments in precious metals are classified as long-term investments and require the right moment when buying and selling an asset. This is what will ensure maximum income.

To choose the right time to purchase or sell palladium at a good rate, I recommend using an online chart. This tool allows you to instantly obtain information that is relevant for today, as well as track the dynamics of changes in value over a certain period of time.

Price of 1 gram of palladium in Sberbank of Russia

For players from Russia, in addition to stock exchange quotations of the metal, exchange rates are no less important. After all, even a decrease in the cost of palladium on the world market against the backdrop of a weakening ruble can provide a good income when working with compulsory medical insurance.

If you are planning or have already opened an impersonal metal account with Sberbank of Russia, then the chart below will serve as an excellent assistant when carrying out trading operations with precious metals.

Palladium price per gram in unallocated metal account and physical palladium in bullion

When purchasing non-cash palladium using compulsory medical insurance at Sberbank of Russia, its rate today will be higher than the discount rate of the Central Bank by 150-200 rubles, depending on what package of Sberbank services the buyer uses.

The cost of physical metal per gram in Sberbank of Russia today is already a thousand or more rubles more expensive, depending on the mass of the ingot. The larger the bar, the lower the price per gram. This difference in rates is due to the fact that it includes VAT and the expenses of Sberbank of Russia for the transportation and storage of metal.

Price per gram in investment coins

If you prefer to invest in bullion metal coins, then I have to disappoint you: they are not minted from palladium. However, Sberbank of Russia today offers a wide selection of commemorative and anniversary banknotes in denominations of 5, 10 and 25 rubles. Today, the price of 1 gram of metal of the highest, 999th purity, in coins will be 10% higher than the discount price.

Price of the Central Bank of the Russian Federation

The Central Bank sets daily rates for all convertible currencies and precious metals. Sberbank of Russia and other commercial structures rely on this data when setting their own prices. I suggest you familiarize yourself with the Central Bank rates that are relevant today.

Palladium | RUB | 1 Gram

Central Bank of the Russian Federation – Precious metals rates

Official discount prices for precious metals are established by the Central Bank of the Russian Federation every working day. Prices are calculated based on the fixing of gold, silver, platinum and palladium on the London spot metal market, and are converted into rubles at the official US dollar/Russian ruble exchange rate effective on the day following the day the discount prices are set. Accounting prices are used for accounting purposes in credit institutions.

How the price is formed, why it changes and is different in different banks

Buying and selling rates for palladium change continuously during daily trading. They are regulated by independent laws of market relations: price is proportional to demand and inversely proportional to supply.

Twice daily trading results, called fixings, are consolidated and published by the London Mercantile Exchange. The Central Bank of Russia calculates and sets the price in rubles, taking into account the current exchange rate of the ruble to the dollar. The next stage is the setting of rates by private financial institutions, taking into account the rates of the country's main financial institution.

Sberbank of Russia sets its own palladium purchase and sale rate based on world prices and its own policy.

Much depends on how important this segment is for a financial organization in terms of making a profit today, as well as how exactly the bank intends to generate income: through purchase and sale volumes or through a significant margin difference.

What affects the price of palladium

We have already found out that the exchange rate is affected by supply and demand. But they are influenced by the state of the world economy today. In times of crisis, traders' interest in gold increases, while the activity of the industrial sector, on the contrary, decreases. Accordingly, the demand for palladium is decreasing. This rule also works in reverse.

Economic stability leads to the development of industry, increased demand for platinum group metals and a decrease in the exchange rate of gold.

Large producers also influence the price of the precious metal, increasing or decreasing its annual sales volumes. Thus, they are able to regulate its rate by changing the size of supply on the market.

Reasons for changes

Periods of decline and growth in quotations of a precious element are caused by certain factors, therefore, the analysis of moments of sudden changes must be carried out together with an analysis of the factors accompanying this situation. The sharp rise in the palladium chart in 2000 is also explained by the sharply increased demand for the metal as a raw material for the production of automotive catalysts. The change in quotations in those years was facilitated by the adoption of decisions in the EU on restrictions on emissions. To ensure that vehicles meet accepted requirements, there is a need for high-quality automotive catalysts. Since previously quite expensive platinum was a component of such chemical compositions, representatives of the automotive industry turned their attention to cheaper palladium, which has better properties.

The new stage of growth in palladium rates, which began in 2010, is due to the global economic situation. Economic growth, which began after two years of crisis, led to increased consumption of precious metals in various industries. The palladium price began to rise for three reasons:

• There has been a positive trend in demand for palladium jewelry;
• The metal again replaced platinum in the production of autocatalysts due to the rise in price of the latter;
• The demand of other industries for metal has increased.

Further growth in quotations was facilitated by both the promotion of the metal among jewelry lovers and the energy crisis in South Africa, the leader in the supply of platinum group metals. Due to disruptions in the supply of platinum from South Africa and the rise in its cost, the automotive industry has again returned to palladium, which has also increased in price.

The forecast for 2013 contained data on a decrease in the supply of metal on the market. Among the reasons for this situation, experts cited a reduction in the volume of Russian raw material production, the depletion of reserves of the Russian Gokhran and problems in South Africa. The current market situation has led to palladium rising again. Its price at the end of 2013 approached $720 per ounce, and the quotes chart went up.

Forecast

I expect the value of palladium to increase over the next few years. The demand for this metal today is steadily growing due to the engineering sector. This element is used in the production of catalytic exhaust converters, which are equipped in almost all modern passenger car models.

Experts in the jewelry industry, for their part, note that the popularity of palladium jewelry is growing, and this trend is unlikely to change in the next couple of years, since jewelry fashion changes slowly.

However, there are no forecasts for increasing its production volumes. Recycling is also unlikely to increase in the near future.

Types of investments in palladium

There are several ways to invest money in palladium. Each of them has its own advantages. You can choose the most convenient and attractive option.

Compulsory medical insurance

Compulsory medical insurance is a current account, the currency of which is metal. The advantage of this method is the absence of VAT, minimal bank commissions, and maximum liquidity. The cost of entry is also insignificant, because the minimum step is 0.1 g of metal. Of the minuses: when selling an asset, the income from the difference in exchange rates received in this case is subject to taxation.

Ingots

Physical palladium can also be purchased, but this option has its drawbacks: Sberbank of Russia today does not buy it from the population, and when purchasing an ingot, you will pay VAT. The purchase will need to be stored somewhere; a safe place will require additional costs.

Investment coins

To date, I have not found any mention of palladium investment coins anywhere. But anniversary copies are widely represented in Sberbank of Russia.

Expert opinion

Lyudmila Pestereva

Our most experienced gold investor

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When purchasing metal in coins, value added tax is not charged, which adds to the attractiveness of this method of investment.

However, the price of investment and commemorative banknotes includes minting costs, so a gram of palladium in a coin will be more expensive than in a measured bar.

Which investment method is more profitable?

Considering all of the above, I advise you to opt for compulsory medical insurance at Sberbank of Russia as the most reliable, most liquid, simple and least expensive way of investing today.

How have quotes changed over the past 10 years?

The analysis of changes in palladium quotations must begin with data from 2000-2001, when they reached their maximum historical values. During 2000, the price of the precious metal on world exchanges rose from $484 per ounce to $811, that is, by 67%. This trend did not last long: after the January 2001 peak at $1,050 per ounce, quotes went down. A new round of price growth emerged in 2005, during which palladium rose in price from 189 to 258 dollars per ounce. The movement of quotes is well reflected in the price chart for 5 years - from 2005 to 2010. Another decline in the precious metal market was observed at the end of the crisis year of 2008.

Metal purchase and sale prices in rubles during this period changed in a similar way. At the end of 2005, palladium sales rates for compulsory medical insurance at Sberbank were equal to 250 rubles per gram of the element. By the end of 2007, this value rose to 313 rubles per gram, and the following year fell sharply to a level of 185 rubles per unit of weight.

Change in palladium rate over the year (USD/1 troy ounce, London fixing):

A palladium chart compiled over a period of 10 years helps to track the nature of the movement of metal quotations. The gradual growth of rates, which began in 2005, gave way to a decline due to the global crisis of 2008. Then a new stage of growth in quotations began, the nature of the movement of which in 2011-2013 became spasmodic and difficult to predict. The price of the metal during 2010 increased from 425.7 to 788.6 dollars per troy ounce; indicators as of December in the next three years provided a positive trend for the trend: the price of palladium in December 2011 was 649.35 dollars per ounce, 2012 year – 697.3 dollars, 2013 – 720.7 dollars. The price of the precious metal peaked in 2014; at the end of August, an ounce of the element cost $896.3. Then prices gradually began to decline and, as of today, have settled at about $600 per ounce.

[palladium]

The price of a gram of material for compulsory medical insurance at Sberbank changed in accordance with world rates. In the last two years, their relationship has been problematic to track due to significant changes in the exchange rate of the American currency against the ruble. During the peak of palladium quotations on world exchanges at the end of August 2014, the selling rate of the element on compulsory medical insurance in Sberbank was 1,137 rubles per gram. Now the cost of a unit of precious metal on compulsory health insurance is at the level of 1,300 rubles.

Purchasing and storing bullion at Sberbank

To purchase palladium bullion, you will need to visit a branch of Sberbank of Russia. The metal can be left in the bank for safekeeping by renting a special safe. Unfortunately, Sberbank of Russia does not offer current or savings accounts for physical palladium.

Advantages and disadvantages

One of the advantages is owning real palladium. This is where the advantages end. Among the negative aspects: the need to pay VAT, storage fees, the lack of repurchase of palladium by Sberbank of Russia today, as well as the investment risk, which is higher compared to investments in gold or silver.

Procedure for selling bullion

I did not find information about any bank accepting palladium bars from the population. This indicates low demand for physical metal from individuals. Perhaps the situation will change in the future, but today only pawn shops and purchases willingly accept palladium.

Palladium rate – Palladium (PA)

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How to open compulsory medical insurance in Sberbank

It’s very simple: with your passport and tax payer code, you go to the nearest branch of Sberbank of Russia, sign an agreement, and the responsible specialist opens an account. If you are already a bank client, then you can even open compulsory medical insurance online in your personal account without leaving your home, and then buy metal at today’s rate, paying for it non-cash.