The Palladium prices continued to drop on Thursday reaching $1,441.49 per ounce, down 0.2 percent after trading at $1,436 per ounce on Wednesday, its lowest point in five weeks. This is the biggest drop in prices that the precious metal experienced in two years as it plummeted 6.3 percent, the Economic Times reported.

Last week, palladium hit a record high as it was traded at $1,620.52 per ounce, gaining 14% this year alone, it said.

Meanwhile, gold prices gained 1 percent rise at Spot gold, trading at $1,310.48 per ounce. However, American gold futures were down 0.1 percent, selling at $1,308.50 an ounce, it added.

Source: Economic Times