Palladium Price in 1987
In 1987, the price of palladium averaged $130 per troy ounce, up 12.1% from the year before. This page covers the 1987 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
1987 Average
$130
Annual average, USD/oz
Change vs 1986
+12.1%
from $116 in 1986
What happened to the palladium price in 1987
Palladium averaged $130 per troy ounce in 1987, up 12.1% from $116 the year before. The notable development of 1987: Autocatalyst demand growing as three-way catalysts spread.
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 1987 average of $130 equals about $369 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 1987?
What is a 1987 palladium price worth in today's dollars?
What moved the palladium price in 1987?
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.