Commodity Origins

Palladium price history, 1992 to 2026

Palladium, spot averaged $1,348/troy oz in August 2026, +19% over twelve months and +93% over ten years. The nominal all-time high was $2,873/troy oz in May 2021; in 2024 dollars the real peak was $3,358/troy oz in May 2021. Monthly averages, IMF PCPS.

Converted from USD at the latest available monthly average rate (Federal Reserve via FRED); the chart and tables below stay in USD.

Palladium monthly prices, $/troy oz, Jan 1992 to Aug 2026Line chart of palladium monthly prices in $/troy oz from Jan 1992 to Aug 2026: Palladium, spot from 82.94 to 1,348, peaking at 2,873.05001,0001,5002,0002,5003,0003,5001995200020052010201520202025$/troy ozAsian financial crisis begins, Jul 1997 (Thailand floats the baht, 2 July 1997)September 11 attacks, Sep 2001 (11 September 2001)Lehman Brothers collapse, Sep 2008 (NBER Business Cycle Dating Committee, US recession December 2007–June 2009)Fukushima Daiichi nuclear accident, Mar 2011 (11 March 2011)OPEC holds output steady amid oversupply, Nov 2014 (OPEC 166th Meeting, 27 November 2014)COVID-19 declared a pandemic, Mar 2020 (World Health Organization, 11 March 2020)Russia invades Ukraine, Feb 2022 (24 February 2022)Israel-Hamas war begins, Oct 2023 (7 October 2023)
Palladium, spot

Dashed lines: Asian financial crisis begins (Jul 1997); September 11 attacks (Sep 2001); Lehman Brothers collapse (Sep 2008); Fukushima Daiichi nuclear accident (Mar 2011); OPEC holds output steady amid oversupply (Nov 2014); COVID-19 declared a pandemic (Mar 2020); Russia invades Ukraine (Feb 2022); Israel-Hamas war begins (Oct 2023). Hover a line for the source of its date.

Derived price statistics per series
SeriesLatest1 month12 months5 years10 years20 yearsAll-time high (nominal)All-time high (real, 2024 US$)
Palladium, spot
$/troy oz, since 1992		1,348
August 2026		+6%+19%-47%+93%+309%2,873
May 2021		3,358
May 2021

Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.

Source: IMF PCPS, 2026-09-08, fetched 6 October 2026 (© International Monetary Fund. All rights reserved (IMF terms of use)).

Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how palladium is priced.

Monthly palladium prices by decade

Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.

Palladium, spot ($/troy oz)

Palladium, spot monthly prices, 2020s, $/troy oz
YearJanFebMarAprMayJunJulAugSepOctNovDecAverage
20202,2272,5252,1092,0821,8981,9212,0402,1702,3002,3452,3532,3432,193
20212,3762,3462,4802,7702,8732,7212,7342,5392,1122,0092,0071,8112,398
20222,0312,3502,5832,3312,0601,9131,9732,1362,1142,0791,9121,8082,107
20231,7341,5441,4261,5081,4831,3481,2641,2471,2391,1421,0501,0881,340
2024988.9938.41,0121,015974925.2960.5932.11,0191,0691,009951.3982.9
2025951.4972.2958.3943.4974.71,0531,1971,1351,1811,4211,4151,6021,150
20261,8411,7341,5561,5161,4401,2771,2671,3481,498

Method

Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.

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Cite as: Commodity Origins, "Palladium price history (1992–2026)", https://commodityorigins.com/prices/palladium/, data 2026-09-08. Data updated 22 October 2026.