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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

What happened to the palladium price in 2016

Palladium averaged $613 per troy ounce in 2016, down 11.3% from $691 the year before. 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. 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.