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Palladium Price in 2023 | Historical Palladium Prices

Annual summary, monthly averages, and key events that shaped palladium prices in 2023

← 202220232024 →

Jan 1

$1,795

Opening Price

Dec 31

$1,260

Closing Price

Year High

$1,770

Annual High

Year Low

$1,005

Annual Low

Annual Avg

$1,342

Average Price

vs 2022

-29.8%

Annual Change

Monthly Palladium Price Chart — 2023

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $1,100High: $1,650

Monthly Average Palladium Prices — 2023

MonthAvg Price (USD/oz)vs Prev Month
Jan 2023$1,650-8.1%
Feb 2023$1,550-6.1%
Mar 2023$1,440-7.1%
Apr 2023$1,480+2.8%
May 2023$1,470-0.7%
Jun 2023$1,350-8.2%
Jul 2023$1,270-5.9%
Aug 2023$1,240-2.4%
Sep 2023$1,260+1.6%
Oct 2023$1,190-5.6%
Nov 2023$1,100-7.6%
Dec 2023$1,260+14.5%

What Happened to Palladium in 2023?

Palladium fell 30% in 2023 — its worst year in over two decades. Automaker platinum substitution programs moved faster than expected, structurally reducing palladium demand. Electric vehicle adoption eroded gasoline catalyst demand growth. Russian supply was not disrupted despite Western sanctions.

Browse All Years

2000+143.3%2001-60%2002-47.9%2003-11.4%2004-7.9%2005+51.6%2006+18.4%2007+6.6%2008-48.9%2009+123.6%2010+95.6%2011-19.1%2012+8.5%2013+4.3%2014+10.1%2015-29.6%2016+19.8%2017+56.7%2018+18.5%2019+56.7%2020+20%2021-22.6%2022-1.9%2023-29.8%2024-20.2%2025+1.9%2026+6.2%

Related Pages

Live Palladium PriceAll Historical YearsPlatinum PriceGold PriceSilver Price