Palladium Price in 2018

In 2018, the price of palladium averaged $1,029 per troy ounce, up 18.4% from the year before. This page covers the 2018 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

2018 Average

$1,029

Annual average, USD/oz

Change vs 2017

+18.4%

from $869 in 2017

2018 High

$1,283

from daily trading data

2018 Low

$833

from daily trading data

Year-End Close

$1,267

last trading day of 2018

Palladium Price Chart, 2005 to 2025

Annual average palladium price per troy ounce, 2005 to 2025, with 2018 marked.

What happened to the palladium price in 2018

Palladium averaged $1,029 per troy ounce in 2018, climbing 18.4% from the $869 average of 2017. Daily trading data shows palladium moved between a low of $833 and a high of $1,283 during the year, ending 2018 at $1,267. The notable development of 2018: Crosses $1,000 and briefly overtakes platinum/gold; year-end ~$1,266.

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 2018 average of $1,029 equals about $1,321 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 2018?

Palladium averaged $1,029 per troy ounce in 2018, based on LBMA and USGS annual average data. Daily prices ranged from a low of $833 to a high of $1,283, and the year closed at $1,267. That average was up 18.4% from $869 in 2017.

What is a 2018 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2018 average of $1,029 works out to roughly $1,321 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 2018?

The defining story of 2018: Crosses $1,000 and briefly overtakes platinum/gold; year-end ~$1,266. Against that backdrop, the annual average climbed 18.4%, from $869 in 2017 to $1,029.

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.