Palladium Price in 2003

In 2003, the price of palladium averaged $202 per troy ounce, down 40.4% from the year before. This page covers the 2003 average, the events that moved the market, and what that palladium would be worth in today's dollars.

2003 Average

$202

Annual average, USD/oz

Change vs 2002

-40.4%

from $339 in 2002

Palladium Price Chart, 1993 to 2013

Annual average palladium price per troy ounce, 1993 to 2013, with 2003 marked.

What happened to the palladium price in 2003

Palladium averaged $202 per troy ounce in 2003, collapsing 40.4% from the $339 average of 2002. The defining story of 2003: Multi-year low as glut persists and platinum substitution continues.

The 2000s began with an extraordinary supply-crisis spike, as fears over Russian exports drove palladium to a record $1,094 fix in January 2001. The bubble then burst, and automakers thrifting and substituting away from palladium sent prices to multi-year lows before a mid-decade recovery.

Adjusted for inflation, palladium's 2003 average of $202 equals about $354 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 2003?

Palladium averaged $202 per troy ounce in 2003, based on LBMA and USGS annual average data. That average was down 40.4% from $339 in 2002.

What is a 2003 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2003 average of $202 works out to roughly $354 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 2003?

The defining story of 2003: Multi-year low as glut persists and platinum substitution continues. Against that backdrop, the annual average fell 40.4%, from $339 in 2002 to $202.

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.