Palladium Price in 2019

In 2019, the price of palladium averaged $1,537 per troy ounce, up 49.4% from the year before. This page covers the 2019 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

2019 Average

$1,537

Annual average, USD/oz

Change vs 2018

+49.4%

from $1,029 in 2018

2019 High

$2,002

from daily trading data

2019 Low

$1,259

from daily trading data

Year-End Close

$1,945

last trading day of 2019

Palladium Price Chart, 2005 to 2025

Annual average palladium price per troy ounce, 2005 to 2025, with 2019 marked.

What happened to the palladium price in 2019

Palladium averaged $1,537 per troy ounce in 2019, climbing 49.4% from the $1,029 average of 2018. Daily trading data shows palladium moved between a low of $1,259 and a high of $2,002 during the year, ending 2019 at $1,945. The defining story of 2019: Record run on auto-catalyst deficit and tighter Euro6/China VI emissions rules.

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 2019 average of $1,537 equals about $1,937 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 2019?

Palladium averaged $1,537 per troy ounce in 2019, based on LBMA and USGS annual average data. Daily prices ranged from a low of $1,259 to a high of $2,002, and the year closed at $1,945. That average was up 49.4% from $1,029 in 2018.

What is a 2019 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2019 average of $1,537 works out to roughly $1,937 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 2019?

The defining story of 2019: Record run on auto-catalyst deficit and tighter Euro6/China VI emissions rules. Against that backdrop, the annual average climbed 49.4%, from $1,029 in 2018 to $1,537.

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.