Palladium sheds $97 to $1,280 since Monday's mark
Gold, silver and platinum each lost between 1.27% and 1.87% over the same four sessions. Kitco's last print of the week carries a 17:00 timestamp of 11 September on all four metals.
By The Prices & Markets Desk
What changed
Palladium led the fall. Palladium ended the week at $1,280 on Kitco's bid, $97 below the 7 September mark. That is a fall of 7.04%, while the other three metals fell under 1.9%.
What it means
- If you price palladium settings: the week's reference is $1,280 on Kitco's bid, not the $1,377 of Monday.
- If you hedge a metals book: palladium moved 3.8 times as far as silver, the next largest fall.
- What this is not: a Friday collapse. The fall accumulated across four sessions in the record.
Key figures
| PalladiumKitco bid, 11 September | $1,280 |
|---|---|
| Since Mondayagainst the 7 September mark | -$97 |
| Palladium, week3.8 times the next fall | -7.04% |
| Golddown 1.28% on the week | $4,347.70 |
| Silverdown 1.87% on the week | $64.372 |
Source: Kitco bid, the board's own 17:00 timestamp of 11 September 2026 · prior marks from Carat Capital's tape, 7 September, 10:04Z
Palladium fell alone in size
Ninety-seven dollars off. Palladium fell $97 from $1,377 to $1,280 across four sessions in the record.
The gap is the story. Silver's 1.87% was the next largest fall; palladium's 7.04% is 3.8 times it.
| Metal | 7 Sep | 11 Sep | Change | % |
|---|---|---|---|---|
| Gold | 4,403.90 | 4,347.70 | -56.20 | -1.28% |
| Silver | 65.596 | 64.372 | -1.224 | -1.87% |
| Platinum | 1,815.00 | 1,792.00 | -23.00 | -1.27% |
| Palladium | 1,377.00 | 1,280.00 | -97.00 | -7.04% |
Notes on this table
Source. Kitco's bid on both readings, filed to Carat Capital's dated tape.
The two readings. sit at different hours of their sessions, 10:04Z on 7 September and the board's own 17:00Z stamp on 11 September.
Measured instead. from Friday's own 06:01Z mark, palladium is down 6.32% and still the largest fall of the four.
All percentages. are Carat Capital's arithmetic on the figures shown.
Gold and platinum moved together
Gold gave back $56.20. Gold closed the week at $4,347.70, a fall of 1.28% from Monday's mark.
Platinum lost $23. Platinum printed $1,792 on the same board, down 1.27% on the week.
The last print is Friday's
Seventeen hundred hours. Kitco's board carries a 17:00 timestamp of 11 September on gold, silver, platinum and palladium alike.
The spread is widest here. Kitco shows palladium bid at $1,280 and asked at $1,320, a spread of $40.
What to watch
- 14 SepMonday's opening mark, the first print after the weekend.
- 17 SepFH publishes August Swiss watch exports, a read on precious-metal case demand.
- Each sessionWhether Kitco's palladium bid-ask spread stays near $40.
The story so far
Go deeper
What would change this call
A palladium print back above $1,377. That would make the week a round trip rather than a fall, and the 7.04% would read as a mid-week excursion.
How these marks are taken
Each mark is Kitco's bid for one troy ounce, recorded once a session and filed to a dated file in Carat Capital's own record. The bid is used rather than the mid so that the same side of the market is compared from one day to the next. Prior marks are looked up in the dated files, never derived from a change field.
Method
Kitco's board was fetched at press time on 12 September and returned gold bid 4,347.70, silver 64.37, platinum 1,792.00 and palladium 1,280.00 under its own timestamp of Sep 11, 2026 17:00, matching the tape filed at 05:00 to the decimal, so no press-time write-back was needed and the tape's figures print unchanged. Arithmetic, all Carat Capital's, on the two dated marks: gold 4,403.90 to 4,347.70 is -56.20, and 56.20 over 4,403.90 is 1.2761%, printed as -1.28%; silver 65.596 to 64.372 is -1.224, and 1.224 over 65.596 is 1.8660%, printed as -1.87%; platinum 1,815.00 to 1,792.00 is -23.00, and 23.00 over 1,815.00 is 1.2672%, printed as -1.27%; palladium 1,377.00 to 1,280.00 is -97.00, and 97.00 over 1,377.00 is 7.0443%, printed as -7.04%. The multiple is 7.0443 divided by 1.8660, which is 3.775, printed as 3.8 times. The 7 September mark was read at 10:04Z and the 11 September print carries the board's 17:00Z stamp, so the two are not read at the same hour; measured instead from Friday's own 06:01Z mark of 1,290.00, palladium is 1,290 over 1,377, or 93.68% of Monday's level and 6.32% below it, and it remains the largest fall of the four. Archive test, both periods named: Carat Capital's 11 September piece covers the move from the 9 September mark to the 11 September morning mark, two sessions, and leads on silver; this item covers 7 to 11 September, four sessions, and leads on palladium. Different period and different instrument, so ADVANCED, not a repeat.
Sources
- Kitco precious metals board, bid, read 12 September 2026
- Carat Capital, The Paper (corrections ledger and archive by desk) — this paper's own marks of record for 7 September 2026 are held in the tape record, not on this page
- Carat Capital, The Paper (corrections ledger and archive by desk) — this paper's own marks of record for 12 September 2026 are held in the tape record, not on this page