PAX Gold
ATH / ATL
24h Price
24h summary
Over the last 24 hours, PAX Gold moved from $4 078.59 to $4 023.8. The session high was $4 078.59, the low was $4 013.99, and the intraday range was $64.6 / 1.6%.
- 24h open
- $4 078.59
- 24h close
- $4 023.8
- 24h high
- $4 078.59
- 24h low
- $4 013.99
- Volatility / range
- $64.6 / 1.6%
- Updated
Monthly Returns heatmap
Heatmap summary
PAX Gold posted 39 positive months out of 72. The longest positive streak lasted 7 months, while the longest negative streak lasted 7 months.
- Strongest month
- Sep 2025 +12%
- Weakest month
- Mar 2026 -12.7%
- Longest positive streak
- 7 Aug 2025 — Feb 2026
- Longest negative streak
- 7 Apr 2022 — Oct 2022
- Luckiest calendar month
- Mar • avg 3.1% • 6 mo.
- Unluckiest calendar month
- Jun • avg -4% • 6 mo.
Networks
Supported exchanges
About the coin
PAX Gold (PAXG) is a digital token built on the Ethereum blockchain. It represents ownership of one fine troy ounce of London Good Delivery gold bullion, stored in secure vaults.
Each PAXG token is backed by a specific quantity of physical gold. This backing is managed by Paxos Trust Company, a regulated financial institution.
The primary goal of PAXG is to offer a way for individuals to invest in gold through the digital asset space. It aims to combine the benefits of gold as a store of value with the accessibility and transferability of cryptocurrencies.
PAXG operates on the Ethereum network as an ERC-20 token. This means it can be held in any Ethereum-compatible wallet and traded on various cryptocurrency exchanges that support the ERC-20 standard.
The token is designed to be redeemable. Holders of PAXG can, under certain conditions, redeem their tokens for physical gold. This redemption process involves exchanging a specified amount of PAXG for physical gold bars.
The value of PAXG is directly tied to the market price of gold. As the price of gold fluctuates, so does the value of PAXG tokens. This makes it a digital representation of gold's market value.
Paxos Trust Company is responsible for maintaining the reserves of physical gold that back the PAXG tokens. They conduct regular audits to ensure that the amount of gold held matches the number of tokens in circulation.
The token aims to provide a secure and transparent way to own gold. By tokenizing gold, PAXG seeks to overcome some of the traditional challenges associated with gold ownership, such as storage, insurance, and authenticity verification.
PAXG is not a stablecoin, as its value is derived from the underlying asset, which is gold, a commodity with a fluctuating market price. Unlike stablecoins, which are typically pegged to fiat currencies.
The contract address for PAXG on the Ethereum chain is 0x45804880de22913dafe09f4980848ece6ecbaf78. This address allows users to verify the token's presence and activity on the Ethereum blockchain.
The token standard used is ERC-20, which is a widely adopted standard for fungible tokens on Ethereum. This facilitates interoperability with decentralized applications (dApps) and wallets.
PAXG offers a potential solution for investors looking for diversification and a hedge against inflation. It provides exposure to gold without the need for physical possession or the associated logistical complexities.
Key features of PAXG include:
- Representation of physical gold ownership.
- Operates on the Ethereum blockchain as an ERC-20 token.
- Redeemable for physical gold bars.
- Value directly linked to the market price of gold.
- Managed and backed by a regulated entity, Paxos Trust Company.
The active status of PAXG indicates that it is currently operational and supported on its respective blockchain.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the PAXGUSDT market feed.
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