PAX Gold (PAXG) Token Price Analysis August 2025

Pax Gold (PAXG) continues to hold investor attention as one of the leading tokenized commodities in the crypto space. Each PAXG token is backed by one troy ounce of physical gold stored in London vaults, making it an attractive bridge between traditional safe-haven assets and digital assets.

As of mid-August 2025, the token trades at around $3,347 with a market cap of $951M and daily volume exceeding $49M. Its performance closely follows gold spot prices, offering investors exposure to gold without the hurdles of physical ownership.

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Key Takeaways

• Pax Gold (PAXG) trades at $3,347.28 with a 24h gain of 0.38%
• Market cap stands at $951.24M with 284,183 circulating tokens
• All-time high reached $3,520.35 in April 2025
• Strong adoption across exchanges and DeFi protocols supports liquidity
• Technical signals point to short-term consolidation with potential upside

Current Market Overview

The PAXG token’s current price of $3,347 aligns with gold’s sideways trend over recent weeks. Trading volume has seen a sharp rise of more than 140% in the past 24 hours, signaling heightened investor interest. The Fear & Greed Index currently sits at 56/100, showing a neutral-to-slightly-greedy sentiment across the market.

PAXG’s circulating supply of 284,183 tokens matches its market cap of $951M, underlining its strong peg to real-world reserves. Unlike traditional gold ETFs, PAXG offers 24/7 liquidity and fractional gold ownership.

Buy PAX Gold (PAXG) Here

Technical Analysis

Looking at the chart, PAXG has been moving within a consolidation band between $3,325 and $3,360. The Bollinger Bands show tightening volatility, hinting at an upcoming breakout.

• RSI (14) is currently at 62, suggesting mild bullish momentum but not yet in overbought territory.
• MACD recently flipped bullish, with the blue line crossing above the signal line, showing potential for further upside.
• Key support lies at $3,325, while resistance is observed at $3,360 and then at the April all-time high near $3,520.

A breakout above $3,360 could open the path toward retesting $3,450–$3,500, whereas failure to hold $3,325 support may bring PAXG back toward $3,280 levels.

Read Also: Tether Gold Market Cap: 2025 Growth, Trends

Fundamental Outlook

PAXG benefits from growing demand for real-world asset (RWA) tokens. With rising institutional focus on tokenized commodities, Paxos has positioned PAX Gold as one of the most reliable bridges between gold and blockchain.

Macroeconomic conditions, such as central bank gold purchases, inflation trends, and currency volatility, will remain primary drivers for PAXG’s price trajectory. Its increasing use as collateral in DeFi lending protocols adds another layer of utility that could boost adoption.

Final Thoughts

Pax Gold (PAXG) remains a strong candidate for investors looking for safe-haven exposure in a blockchain-native form. Its close correlation with gold provides stability, while DeFi integration adds liquidity advantages. 

With neutral-to-bullish technicals and rising adoption, PAXG could maintain momentum in the coming months, though investors should closely watch global gold price movements.

Read Also: Is Tether Gold Becoming More Popular?

FAQ

What is Pax Gold (PAXG)?

Pax Gold is a gold-backed ERC-20 token where each PAXG represents one troy ounce of physical gold stored in LBMA-approved vaults.

How does PAXG differ from stablecoins?

Unlike fiat-pegged stablecoins, PAXG is backed by gold, meaning its price moves with the gold market rather than being tied to the US dollar.

Is PAXG a good investment?

PAXG can be a strong choice for those seeking exposure to gold through blockchain, offering both stability and liquidity.

Where can I buy Pax Gold?

PAXG is available on major centralized exchanges (CEX) and decentralized exchanges (DEX) that support ERC-20 tokens.

What could influence PAXG’s future price?

Factors include global gold demand, inflation trends, central bank policies, and growing adoption of tokenized RWAs in crypto markets.