Palladium Experiences Difficulty in Winning Over Jewelry Buyers

Reuters reported that despite the efforts of jewelry designers to convince the public of buying palladium as an alternative to platinum, its popularity as an adornment continues to slide.

As quoted in the market news:

“But palladium jewellery demand has slid since a rapid surge in demand in China in 2003-2005, when platinum prices jumped, eroding platinum jewellery sales margins.

Spot palladium was trading on Tuesday at around $693 an ounce, well below gold at $1,710 an ounce and platinum at $1,628.”

Click here to see the full Reuters report.