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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 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

Palladium Price Chart, 1970 to 1990

Annual average palladium price per troy ounce, 1970 to 1990, with 1978 marked.

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?
Palladium averaged $63 per troy ounce in 1978, based on LBMA and USGS annual average data. That average was up 28.6% from $49 in 1977.
What is a 1978 palladium price worth in today's dollars?
Adjusted with the US Consumer Price Index, palladium's 1978 average of $63 works out to roughly $311 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

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.