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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 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

Palladium Price Chart, 1978 to 1998

Annual average palladium price per troy ounce, 1978 to 1998, with 1988 marked.

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?
Palladium averaged $123 per troy ounce in 1988, based on LBMA and USGS annual average data. That average was down 5.4% from $130 in 1987.
What is a 1988 palladium price worth in today's dollars?
Adjusted with the US Consumer Price Index, palladium's 1988 average of $123 works out to roughly $335 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.