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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

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.