The line graph illustrates the average closing prices of three precious metals—gold, platinum, and palladium—from 2013 to 2021.
Overall, while platinum was initially the most expensive metal, it declined steadily. In contrast, palladium, which started as the cheapest, saw a dramatic rise and became the most valuable by the end of the period. Gold remained relatively stable with a notable increase after 2019.
In 2013, platinum and gold were priced similarly at around $1,400 per ounce, while palladium was significantly lower, at approximately $750 per ounce. Over the next few years, platinum’s value decreased steadily, falling below $1,000 per ounce by 2016, and remained mostly flat until 2021.
Palladium, on the other hand, experienced consistent growth after 2016. Its price surged from about $600 per ounce to nearly $2,500 per ounce by 2021, surpassing both gold and platinum.
Gold prices stayed relatively stable from 2013 to 2018, hovering around $1,200-$1,300 per ounce. However, in 2019, there was a sharp increase, with prices reaching approximately $1,750 per ounce by 2021.