Palladium Price in 2007

In 2007, the price of palladium averaged $357 per troy ounce, up 10.5% from the year before. This page covers the 2007 average, high, low, and year-end close, and what that palladium would be worth in today's dollars.

2007 Average

$357

Annual average, USD/oz

Change vs 2006

+10.5%

from $323 in 2006

2007 High

$387

from daily trading data

2007 Low

$314

from daily trading data

Year-End Close

$365

last trading day of 2007

Palladium Price Chart, 1997 to 2017

Annual average palladium price per troy ounce, 1997 to 2017, with 2007 marked.

What happened to the palladium price in 2007

Palladium averaged $357 per troy ounce in 2007, up 10.5% from $323 the year before. Daily trading data shows palladium moved between a low of $314 and a high of $387 during the year, ending 2007 at $365.

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 2007 average of $357 equals about $555 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 2007?

Palladium averaged $357 per troy ounce in 2007, based on LBMA and USGS annual average data. Daily prices ranged from a low of $314 to a high of $387, and the year closed at $365. That average was up 10.5% from $323 in 2006.

What is a 2007 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2007 average of $357 works out to roughly $555 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.

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.