Palladium Price in 2006

In 2006, the price of palladium averaged $323 per troy ounce, up 58.3% from the year before. This page covers the 2006 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

2006 Average

$323

Annual average, USD/oz

Change vs 2005

+58.3%

from $204 in 2005

2006 High

$409

from daily trading data

2006 Low

$254

from daily trading data

Year-End Close

$333

last trading day of 2006

What happened to the palladium price in 2006

Palladium averaged $323 per troy ounce in 2006, surging 58.3% from the $204 average of 2005. Annual moves of that size are rare and put 2006 among the most explosive years in the metal's modern history. Daily trading data shows palladium moved between a low of $254 and a high of $409 during the year, ending 2006 at $333. The defining story of 2006: ETF launch and investment demand lift price.

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 2006 average of $323 equals about $516 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 2006?

Palladium averaged $323 per troy ounce in 2006, based on LBMA and USGS annual average data. Daily prices ranged from a low of $254 to a high of $409, and the year closed at $333. That average was up 58.3% from $204 in 2005.

What is a 2006 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2006 average of $323 works out to roughly $516 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 2006?

The defining story of 2006: ETF launch and investment demand lift price. Against that backdrop, the annual average climbed 58.3%, from $204 in 2005 to $323.

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.