Palladium Price in 2016

In 2016, the price of palladium averaged $613 per troy ounce, down 11.3% from the year before. This page covers the 2016 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

2016 Average

$613

Annual average, USD/oz

Change vs 2015

-11.3%

from $691 in 2015

2016 High

$776

from daily trading data

2016 Low

$453

from daily trading data

Year-End Close

$680

last trading day of 2016

Palladium Price Chart, 2005 to 2025

Annual average palladium price per troy ounce, 2005 to 2025, with 2016 marked.

What happened to the palladium price in 2016

Palladium averaged $613 per troy ounce in 2016, down 11.3% from $691 the year before. Daily trading data shows palladium moved between a low of $453 and a high of $776 during the year, ending 2016 at $680. The notable development of 2016: Cyclical low before the multi-year deficit bull run begins.

The 2010s were a powerful bull market. A persistent structural deficit, driven by tightening gasoline-engine emissions rules that favor palladium, carried the metal from around $530 to over $1,500, overtaking both platinum and gold late in the decade.

Adjusted for inflation, palladium's 2016 average of $613 equals about $823 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 2016?

Palladium averaged $613 per troy ounce in 2016, based on LBMA and USGS annual average data. Daily prices ranged from a low of $453 to a high of $776, and the year closed at $680. That average was down 11.3% from $691 in 2015.

What is a 2016 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2016 average of $613 works out to roughly $823 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 2016?

The defining story of 2016: Cyclical low before the multi-year deficit bull run begins. Against that backdrop, the annual average fell 11.3%, from $691 in 2015 to $613.

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.