Palladium Price in 2025

Palladium averaged $1,150 per troy ounce in 2025, climbing 16.9% from the $984 average of 2024. Daily trading data shows palladium moved between a low of $866 and a high of $2,092 during the year, ending 2025 at $1,635. The notable development of 2025: Rebounds off an April low near $866 to about $1,660 by year-end on slowing EV adoption and Russian-supply concerns.

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.