Palladium Price in 1978
In 1978, the price of palladium averaged $63 per troy ounce, up 28.6% from the year before. This page covers the 1978 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
1978 Average
$63
Annual average, USD/oz
Change vs 1977
+28.6%
from $49 in 1977
What happened to the palladium price in 1978
Palladium averaged $63 per troy ounce in 1978, climbing 28.6% from the $49 average of 1977.
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 1978 average of $63 equals about $311 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 1978?
What is a 1978 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.