XPD / ZAR

Palladium is a precious metal traded on global commodity markets and is quoted using the ISO 4217 code XPD, representing one troy ounce of the metal. It is primarily used in automotive catalytic converters, electronics, and jewelry, which gives it a unique demand profile compared to other precious metals.

Because XPD is not tied to any sovereign nation, it is issued by the International Monetary Fund and priced on the London Bullion Market. Its price can be highly volatile, often reacting to shifts in industrial demand and supply constraints from major mining countries such as Russia and South Africa.