A perpendicular magnetic recording medium is disclosed that exhibits reduced media noise and enhanced thermal stability of recorded magnetization, and thus provides a medium of high recording density and excellent read-write performance. The perpendicular magnetic recording medium comprises a magnetic film on a nonmagnetic substrate. The magnetic film is a multilayered lamination film composed of alternately laminated first magnetic layers of cobalt and second magnetic layers of palladium, the second magnetic layers containing SiO2. By setting a ratio of Ku2 to Ku to a value not smaller than a specified value, the compatibility between the ease of writing-in to the perpendicular magnetic recording medium by a head and the thermal stability of recorded magnetization is more improved.