Palladium Price in 2021

In 2021, the price of palladium averaged $2,398 per troy ounce, up 9.3% from the year before. This page covers the 2021 average, high, low, and year-end close, the events that moved the market, and what that palladium would be worth in today's dollars.

2021 Average

$2,398

Annual average, USD/oz

Change vs 2020

+9.3%

from $2,193 in 2020

2021 High

$3,020

from daily trading data

2021 Low

$1,528

from daily trading data

Year-End Close

$1,896

last trading day of 2021

Palladium Price Chart, 2005 to 2025

Annual average palladium price per troy ounce, 2005 to 2025, with 2021 marked.

What happened to the palladium price in 2021

Palladium averaged $2,398 per troy ounce in 2021, up 9.3% from $2,193 the year before. Daily trading data shows palladium moved between a low of $1,528 and a high of $3,020 during the year, ending 2021 at $1,896. The notable development of 2021: Record annual average amid acute deficit and chip-shortage-constrained auto output.

The 2020s saw palladium hit record highs above $2,800, including an all-time high near $3,440 in March 2022 on Russia-sanctions fears, before a sharp decline as electric-vehicle adoption began eroding gasoline-catalyst demand.

Adjusted for inflation, palladium's 2021 average of $2,398 equals about $2,852 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 2021?

Palladium averaged $2,398 per troy ounce in 2021, based on LBMA and USGS annual average data. Daily prices ranged from a low of $1,528 to a high of $3,020, and the year closed at $1,896. That average was up 9.3% from $2,193 in 2020.

What is a 2021 palladium price worth in today's dollars?

Adjusted with the US Consumer Price Index, palladium's 2021 average of $2,398 works out to roughly $2,852 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 2021?

The defining story of 2021: Record annual average amid acute deficit and chip-shortage-constrained auto output. Against that backdrop, the annual average climbed 9.3%, from $2,193 in 2020 to $2,398.

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.