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PAX Gold (PAXG) USD Price
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About PAX Gold
PAX Gold Price Data
PAX Gold (PAXG) currently has a price of $4k and is down -1.21% over the last 24 hours. The cryptocurrency is ranked 44 with a market cap of $1.8B. Over the last 24 hours, it saw $106.4M of trading volume. The token has a circulating supply of 444.8k tokens out of a total supply of 444.8k tokens.
PAX Gold (PAXG) is a cryptocurrency token backed by physical gold stored in Brink's vaults, providing investors an accessible and stable way to gain exposure to gold. PAXG, built on Ethereum, ensures transparency and secure transactions through smart contracts. It can be traded on various exchanges like any other cryptocurrency. As a regulated financial institution, Paxos provides reassurance regarding the legitimacy of PAXG, attracting investors looking to diversify and hedge against market volatility with gold, a safe haven asset.
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© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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PAX Gold Price Converter
Frequently Asked Questions
NYDFS regulation means Paxos is subject to strict capital, custody, and operational requirements. Monthly third-party attestations verify that PAXG in circulation matches gold held in custody. Each PAXG token is serialized to a specific gold bar (or fractional ownership of a bar), providing a more direct ownership link than ETF structures.
PAXG is an ERC-20 token issued by Paxos where each token represents one fine troy ounce of physical gold stored in LBMA-accredited Brink’s vaults in London. Paxos is regulated by the New York Department of Financial Services (NYDFS), and gold reserves are independently audited monthly by Withum.
Physical gold: full ownership, high storage/insurance costs, illiquid. GLD (SPDR Gold ETF): liquid, regulated, institutional-grade, but requires a brokerage account and has management fees (0.40% annually). PAXG: 24/7 tradeable on crypto markets, no management fee (small creation/redemption fee), redeemable for physical gold under certain conditions, composable in DeFi. XAUT (Tether Gold): similar model but issued by Tether, whose audit history and reserve transparency is materially weaker than Paxos. PAXG has the stronger regulatory credibility of the two tokenized gold products.
PAXG holders can redeem tokens for physical gold delivery through Paxos, subject to minimum redemption sizes and KYC/AML requirements. Small holders can also redeem for USD equivalent. Physical delivery is available but logistically constrained to certain jurisdictions and minimum bar sizes.
If PAXG is displayed in EUR on a given platform, it reflects the platform’s base currency setting or the user’s regional configuration. Since gold is globally priced in USD, PAXG’s intrinsic value is USD-denominated per troy ounce. EUR-displayed prices fluctuate with both the gold spot price and the EUR/USD exchange rate simultaneously, creating a dual variable for EUR-based investors to track.