PAX Gold Price Today – Live PAXG Chart
Live PAX Gold (PAXG) price in USD, EUR, GBP & 20+ currencies with 24h change, market cap, volume, and interactive OHLC charts. Updated every 60s.
- Price (USD)
- $4,210.91
- 24h Change
- +0.36%
- Market Cap
- $1.92B
- 24h Volume
- $31.82M
- All-Time High
- $5.62K
- Circulating Supply
- 456.89K PAXG
- Market Cap Rank
- #44
What is PAX Gold?
PAX Gold (PAXG) is a gold-backed cryptocurrency issued by Paxos Trust Company, a New York-regulated financial institution. Each PAXG token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities managed by Brink's.
PAXG bridges the gap between traditional gold ownership and the digital asset ecosystem. Token holders have legal ownership of the underlying gold and can redeem their tokens for physical gold bars, unallocated gold, or fiat currency at any time through Paxos.
As an ERC-20 token on Ethereum, PAXG can be transferred 24/7 without the limitations of traditional gold markets, used as collateral in DeFi protocols, and traded on major exchanges. It combines gold's store-of-value properties with crypto's accessibility and composability.
PAX Gold Tokenomics
PAXG supply is not fixed — it expands and contracts based on demand as users create or redeem tokens. Paxos publishes monthly attestation reports by independent auditors confirming that the total PAXG supply is fully backed by gold reserves. Each token is allocated to specific gold bars that holders can look up by serial number.
PAX Gold Historical Price Performance
Near-perfect tracking PAXG's price closely mirrors the spot gold price, with minor premiums or discounts driven by crypto market demand. Since launch in 2019, it has tracked gold's rally from ~$1,500/oz to over $3,100/oz. PAXG provides gold exposure without storage costs (though Paxos charges a small creation/redemption fee), making it popular among crypto-native investors seeking a safe-haven asset.
Frequently Asked Questions
Is PAXG really backed by physical gold?
Yes. Each PAXG token is backed by one fine troy ounce of a 400-ounce London Good Delivery gold bar held in Brink's vaults. Paxos is regulated by the New York State Department of Financial Services (NYDFS) and publishes monthly third-party attestation reports verifying the gold reserves match the total token supply.
How does PAXG differ from gold ETFs?
Unlike gold ETFs (GLD, IAU), PAXG gives holders direct legal ownership of specific gold bars. PAXG trades 24/7 (vs market hours), has no management fees (vs 0.25–0.40% for ETFs), can be used in DeFi, and offers fractional ownership down to 0.01 oz. However, PAXG charges creation/redemption fees and on-chain transaction fees.
Can I redeem PAXG for physical gold?
Yes. Paxos offers redemption for physical London Good Delivery gold bars (minimum ~430 oz), unallocated gold through London gold partners, or fiat currency (USD). Most retail holders trade PAXG on exchanges rather than redeeming directly, as physical redemption requires a large minimum amount.
Can PAXG be used in DeFi?
Yes. As an ERC-20 token, PAXG can be used as collateral on lending protocols like Aave and Compound, traded on decentralized exchanges like Uniswap, and included in yield strategies. This makes PAXG one of the few real-world asset (RWA) tokens with deep DeFi integration, allowing gold holders to earn yield on their holdings.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.