Palladium Price in 1994
In 1994, the price of palladium averaged $150 per troy ounce, up 22.0% from the year before. This page covers the 1994 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
1994 Average
$150
Annual average, USD/oz
Change vs 1993
+22.0%
from $123 in 1993
What happened to the palladium price in 1994
Palladium averaged $150 per troy ounce in 1994, climbing 22.0% from the $123 average of 1993. The notable development of 1994: Auto-catalyst demand rising.
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 1994 average of $150 equals about $326 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 1994?
What is a 1994 palladium price worth in today's dollars?
What moved the palladium price in 1994?
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.