How much did an ounce of palladium cost?
An ounce of palladium cost $153.35 in 1995 and $994.90 in 2024: about 6.5 times as much.
Over the same years, prices in general (US inflation, measured by the consumer price index, CPI) rose about 2.1 times. That makes $153.35 in 1995 worth about $316 in 2024 money. So it got more expensive even after inflation: about 215% more, in real terms, than in 1995.
In the years listed, the highest price was $2,205 in 2020 and the lowest $153.35 in 1995. The biggest change between two listed years came between 1995 and 2000, when it went up 351%, from $153.35 to $691.84.
Palladium: price by year
| Year | Price | In 2024 dollars |
|---|---|---|
| 1995 | $153.35 | $316 |
| 2000 | $691.84 | $1,260 |
| 2005 | $203.54 | $327 |
| 2010 | $530.61 | $763 |
| 2015 | $694.99 | $920 |
| 2020 | $2,205 | $2,670 |
| 2024 | $994.90 | $995 |
"In 2024 dollars" adjusts each amount for inflation with the CPI, so the years can be compared fairly. How this works.
Where the numbers come from
The yearly average price from the US Geological Survey's Minerals Yearbook. The latest year published is 2024.
Source: U.S. Geological Survey: Minerals Yearbook, Platinum-Group Metals, Table 1 Salient PGM Statistics (several editions) + Mineral Commodity Summaries 2026: Platinum-Group Metals. View the source.
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