Palladium Price in 1999

In 1999, the price of palladium averaged $363 per troy ounce, up 25.2% from the year before. This page covers the 1999 average, the events that moved the market, and what that palladium would be worth in today's dollars.

1999 Average

$363

Annual average, USD/oz

Change vs 1998

+25.2%

from $290 in 1998

Palladium Price Chart, 1989 to 2009

Annual average palladium price per troy ounce, 1989 to 2009, with 1999 marked.

What happened to the palladium price in 1999

Palladium averaged $363 per troy ounce in 1999, climbing 25.2% from the $290 average of 1998. The notable development of 1999: Continued Russian supply uncertainty; record ~$454 in late December.

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 1999 average of $363 equals about $702 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 1999?

Palladium averaged $363 per troy ounce in 1999, based on LBMA and USGS annual average data. That average was up 25.2% from $290 in 1998.

What is a 1999 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 1999 average of $363 works out to roughly $702 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 1999?

The defining story of 1999: Continued Russian supply uncertainty; record ~$454 in late December. Against that backdrop, the annual average climbed 25.2%, from $290 in 1998 to $363.

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.