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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

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.