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, 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

Palladium Price Chart, 1987 to 2007

Annual average palladium price per troy ounce, 1987 to 2007, with 1997 marked.

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.