A palladium ingot is a solid block of the precious metal palladium, which is part of the platinum group of metals. Palladium is known for its excellent resistance to corrosion and oxidation, making it valuable in various industrial applications, including electronics and automotive catalytic converters. The ingot form allows for easy storage, transport, and processing. Palladium is often used in jewelry and investment, similar to gold and silver. Its rarity and unique properties contribute to its high market value. Investors may purchase palladium ingots as a way to diversify their portfolios, especially during times of economic uncertainty.