Palladium Price in 2004
In 2004, the price of palladium averaged $233 per troy ounce, up 15.3% from the year before. This page covers the 2004 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
2004 Average
$233
Annual average, USD/oz
Change vs 2003
+15.3%
from $202 in 2003
What happened to the palladium price in 2004
Palladium averaged $233 per troy ounce in 2004, climbing 15.3% from the $202 average of 2003.
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 2004 average of $233 equals about $398 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 2004?
What is a 2004 palladium price worth in today's dollars?
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.