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PAX Gold

PAXG
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PAX Gold (PAXG)

What is PAX Gold?

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.

Key Facts & Snapshot

  • Symbol: PAXG
  • CoinGecko id: pax-gold
  • Market cap rank (CoinGecko): #40
  • Categories: Tokenized Assets, Tokenized Gold, Ethereum Ecosystem, Real World Assets (RWA), Tokenized Commodities
  • Circulating supply (snapshot): 507,642
  • Total supply (snapshot): 507,642
  • All-time high (USD, CoinGecko): $5.62K (Jan 29, 2026)
  • All-time low (USD, CoinGecko): $1.40K (Nov 18, 2019)

Market (USD snapshot)

  • Market cap (USD, snapshot): $2.39B
  • 24h volume (USD, snapshot): $68.78M
  • Fully diluted valuation (USD, snapshot): $2.39B
  • 24h price change (snapshot): -0.42%

Contract addresses (by platform)

  • ethereum: 0x45804880de22913dafe09f4980848ece6ecbaf78

Official & Community Links

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Frequently Asked Questions

What is PAX Gold (PAXG) and how does it work?
PAX Gold is a tokenized gold asset on the Ethereum blockchain, where each PAXG token represents one troy ounce of physical gold stored in Paxar Trust Company vaults. It allows investors to own and trade gold digitally without the storage and security challenges of physical gold ownership.
How much is PAX Gold worth and what is its market cap?
PAX Gold has a market cap of $2.39 billion with a current 24-hour trading volume of $68.78 million, ranking it #40 among all cryptocurrencies. The price tracks physical gold prices, with an all-time high of $5,620 reached on January 29, 2026.
How risky is investing in PAX Gold compared to other cryptocurrencies?
PAX Gold is generally less volatile than most cryptocurrencies because it’s backed by physical gold, which is a traditional stable asset. However, it still carries risks including counterparty risk with the custodian, potential regulatory changes affecting tokenized assets, and price fluctuations tied to the gold market rather than independent crypto market dynamics.
What is the circulating supply of PAX Gold?
The circulating supply of PAX Gold is 507,642 tokens, which equals the total supply since each token must be backed by physical gold. This supply fluctuates based on minting (when users buy gold) and burning (when users redeem tokens for physical gold).
Is PAX Gold part of the Ethereum ecosystem?
Yes, PAX Gold is an ERC-20 token built on the Ethereum blockchain, making it part of the Ethereum ecosystem. This allows PAXG to be stored in Ethereum wallets, traded on decentralized exchanges, and integrated with other Ethereum-based DeFi protocols.

PAX Gold Sectors

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PAX Gold is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.

Guides for PAX Gold Holders

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