Palladium Price in 2009
In 2009, the price of palladium averaged $266 per troy ounce, down 25.1% from the year before. This page covers the 2009 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.
2009 Average
$266
Annual average, USD/oz
Change vs 2008
-25.1%
from $355 in 2008
2009 High
$409
from daily trading data
2009 Low
$175
from daily trading data
Year-End Close
$408
last trading day of 2009
What happened to the palladium price in 2009
Palladium averaged $266 per troy ounce in 2009, sliding 25.1% from the $355 average of 2008. Daily trading data shows palladium moved between a low of $175 and a high of $409 during the year, ending 2009 at $408. The notable development of 2009: Recovery off crisis lows on stimulus and rebounding auto demand.
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 2009 average of $266 equals about $400 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 2009?
What is a 2009 palladium price worth in today's dollars?
What moved the palladium price in 2009?
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.