Palladium Price in 1997

In 1997, the price of palladium averaged $184 per troy ounce, up 41.5% from the year before. This page covers the 1997 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

1997 Average

$184

Annual average, USD/oz

Change vs 1996

+41.5%

from $130 in 1996

What happened to the palladium price in 1997

Palladium averaged $184 per troy ounce in 1997, climbing 41.5% from the $130 average of 1996. The defining story of 1997: Russian export delays push palladium to a multi-year high (~$245) mid-year.

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 1997 average of $184 equals about $369 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 1997?

Palladium averaged $184 per troy ounce in 1997, based on LBMA and USGS annual average data. That average was up 41.5% from $130 in 1996.

What is a 1997 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 1997 average of $184 works out to roughly $369 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 1997?

The defining story of 1997: Russian export delays push palladium to a multi-year high (~$245) mid-year. Against that backdrop, the annual average climbed 41.5%, from $130 in 1996 to $184.

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.