PAX Gold is a digital token that represents physical gold stored in professional vaults, with each PAXG backed by one troy ounce of London Good Delivery gold bars. It combines the stability of gold ownership with blockchain accessibility, allowing traders to gain gold exposure without dealing with storage or authentication challenges. As a regulated stablecoin alternative pegged to a hard asset rather than fiat currency, PAXG sits at rank 43 with a $2.00 billion market cap, appealing to those seeking a hedge against currency volatility or portfolio diversification through tokenized commodities.
Trading at $4,333.42, PAXG has shown modest daily strength with a 0.60% gain over 24 hours, though it's down 3.38% over the past week, largely tracking the spot gold price movements driven by broader economic factors like interest rate expectations and dollar strength. Traders watching PAXG typically monitor the underlying gold market fundamentals, including Federal Reserve policy signals and inflation data, alongside on-chain metrics like minting and redemption activity that can indicate institutional demand shifts. The token's price action generally mirrors physical gold with minimal deviation, so attention to macroeconomic catalysts affecting precious metals becomes essential context.
PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem. At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.
PAX Gold price and data shown for informational and educational purposes only. Cryptocurrency markets are highly volatile and trading carries substantial risk of loss. Full disclaimer.
