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, 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

Palladium Price Chart, 1984 to 2004

Annual average palladium price per troy ounce, 1984 to 2004, with 1994 marked.

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?

Palladium averaged $150 per troy ounce in 1994, based on LBMA and USGS annual average data. That average was up 22.0% from $123 in 1993.

What is a 1994 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 1994 average of $150 works out to roughly $326 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 1994?

The defining story of 1994: Auto-catalyst demand rising. Against that backdrop, the annual average climbed 22.0%, from $123 in 1993 to $150.

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.