Palladium Price in 1993

In 1993, the price of palladium averaged $123 per troy ounce, up 38.2% from the year before. This page covers the 1993 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

1993 Average

$123

Annual average, USD/oz

Change vs 1992

+38.2%

from $89 in 1992

What happened to the palladium price in 1993

Palladium averaged $123 per troy ounce in 1993, climbing 38.2% from the $89 average of 1992. The defining story of 1993: Palladium-rich autocatalysts gain share over platinum.

The 1990s were dominated by Russian supply. Erratic exports from Russia's giant stockpile, which supplied much of the world's palladium, whipsawed prices from a decade low near $89 to a sharp late-decade rally as shipments were repeatedly delayed.

Adjusted for inflation, palladium's 1993 average of $123 equals about $274 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 1993?

Palladium averaged $123 per troy ounce in 1993, based on LBMA and USGS annual average data. That average was up 38.2% from $89 in 1992.

What is a 1993 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 1993 average of $123 works out to roughly $274 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.

What moved the palladium price in 1993?

The defining story of 1993: Palladium-rich autocatalysts gain share over platinum. Against that backdrop, the annual average climbed 38.2%, from $89 in 1992 to $123.

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.