Palladium Price in 1988
In 1988, the price of palladium averaged $123 per troy ounce, down 5.4% from the year before. This page covers the 1988 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
1988 Average
$123
Annual average, USD/oz
Change vs 1987
-5.4%
from $130 in 1987
What happened to the palladium price in 1988
Palladium averaged $123 per troy ounce in 1988, down 5.4% from $130 the year before.
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 1988 average of $123 equals about $335 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 1988?
What is a 1988 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.