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

Palladium Price Chart, 1999 to 2019

Annual average palladium price per troy ounce, 1999 to 2019, with 2009 marked.

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?

Palladium averaged $266 per troy ounce in 2009, based on LBMA and USGS annual average data. Daily prices ranged from a low of $175 to a high of $409, and the year closed at $408. That average was down 25.1% from $355 in 2008.

What is a 2009 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2009 average of $266 works out to roughly $400 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 2009?

The defining story of 2009: Recovery off crisis lows on stimulus and rebounding auto demand. Against that backdrop, the annual average fell 25.1%, from $355 in 2008 to $266.

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.