Palladium Price in 1983
In 1983, the price of palladium averaged $136 per troy ounce, up 103.0% from the year before. This page covers the 1983 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
1983 Average
$136
Annual average, USD/oz
Change vs 1982
+103.0%
from $67 in 1982
What happened to the palladium price in 1983
Palladium averaged $136 per troy ounce in 1983, surging 103.0% from the $67 average of 1982. Annual moves of that size are rare and put 1983 among the most explosive years in the metal's modern history. The defining story of 1983: Sharp recovery.
The 1980s opened with the collapse of the 1980 precious-metals bubble and a deep recession low, then recovered as three-way catalytic converters spread and autocatalyst demand for palladium began to build in earnest.
Adjusted for inflation, palladium's 1983 average of $136 equals about $440 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 1983?
What is a 1983 palladium price worth in today's dollars?
What moved the palladium price in 1983?
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.