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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

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.