Palladium Price in 1971
In 1971, the price of palladium averaged $37 per troy ounce, down 2.6% from the year before. This page covers the 1971 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
1971 Average
$37
Annual average, USD/oz
Change vs 1970
-2.6%
from $38 in 1970
What happened to the palladium price in 1971
Palladium averaged $37 per troy ounce in 1971, down 2.6% from $38 the year before.
In the 1970s palladium was still a minor precious metal used mainly in electronics and dentistry. It rode the decade's commodity booms and the 1979-80 precious-metals mania, but its defining demand driver, the automotive catalytic converter, was only just emerging.
Adjusted for inflation, palladium's 1971 average of $37 equals about $294 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of palladium in 1971?
What is a 1971 palladium price worth in today's dollars?
Annual averages are USGS/Engelhard producer prices (1970 to 1988) and LBMA palladium prices (1989 to 2025) per troy ounce in US dollars. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.