How to Buy and Trade PAXG?

You can buy and trade PAX Gold (PAXG) on Bitrue crypto trading platform by creating an account , completing identity verification, and using fiat currency or other cryptocurrencies to place trades.

When was PAX Gold (PAXG) launched?

PAX Gold (PAXG) was launched on September 5, 2019.

What does one PAXG token represent?

One PAXG token represents ownership of exactly one fine troy ounce of LBMA Good Delivery physical gold.

Is PAX Gold backed by physical gold?

Yes. Every PAXG token is fully backed 1:1 by allocated physical gold, with monthly independent attestations.

Where is the gold backing PAXG stored?

The physical gold is stored in secure LBMA-accredited vault facilities in London.

On which blockchain is PAXG available?

PAXG is an ERC-20 token on the Ethereum blockchain.

Can you redeem PAXG for physical gold?

Yes. Verified holders can redeem PAXG for physical gold bars or cash proceeds through Paxos.

What is the minimum redemption amount for physical gold?

Physical gold redemption generally requires a minimum of 430 PAXG (one full London Good Delivery bar).

How often are PAXG reserves attested?

Paxos publishes monthly independent attestation reports verifying full gold backing.

What is the circulating supply of PAXG?

As of April 17, 2026, the circulating supply of PAX Gold (PAXG) is approximately 493,650 tokens.

How can I buy PAX Gold (PAXG)?

Sign Up & Get Your First Trade Free on Bitrue to buy PAXG instantly via card, bank transfer, or USDT swap.

Home>Crypto prices>PAX Gold (PAXG)

PAX Gold PricePAXG/USD: $4,765.73

Q: What is PAX Gold (PAXG)?

PAX Gold (PAXG) is a digital token issued by Paxos Trust Company where each token is backed 1:1 by one fine troy ounce of physical gold stored in London vaults.

Q: Who issues PAX Gold (PAXG)?

PAX Gold is issued by Paxos Trust Company, a New York State-chartered trust company regulated by the NYDFS.

Today's Price Change: -17.57（-0.37%）

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If you’re unsure how to purchase PAX Gold, see our complete How to Buy PAXG guide.

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Data updated on at (UTC+8)

PAX Gold(PAXG) Price Today

The current price of PAX Gold(PAXG) is $4,765.73 USD, down 0.37% in the past 24 hours. Its market cap stands at $2.36 billion, with a circulating supply of 493,648 PAXG and a 24-hour trading volume of $1,550.39 USD. The recent decline suggests short-term selling pressure amid broader market fluctuations. PAXG prices are updated in real-time on the Bitrue crypto trading platform to reflect global market trends and investor sentiment.

PAX Gold Chart Performance

Track PAX Gold(PAXG) price performance in real time.

All Time High$5,414.57
High(24h)$4,797.84
Low(24h)$4,763.49
Price Change (1h)-0.01%
Price Change (24h)-0.37%
Price Change (7d)+1.51%

PAXG Price History

Date ComparisonLowHighAmount Change(%)
48H4764.324827.06$-47.77(-0.99%)
7 Days4696.544850.29$70.98(+1.51%)
30 Days4371.464850.29$259.55(+5.75%)
90 Days4371.465413.47$7.78(+0.16%)
1 Year31945413.47$1,325.52(+38.51%)

PAX Gold Market Data

Market Ranking34
Market Cap$2.36B
24h Volume$1,550.39
Circulating Supply493,648 PAXG
Maximum SupplyNaN PAXG

About PAX Gold (PAXG)

What is PAX Gold (PAXG)?

PAX Gold (PAXG) is an asset-backed digital token issued by Paxos Trust Company that represents ownership of physical gold. Launched on September 5, 2019, by Paxos Trust Company — a New York State-chartered trust company regulated by the New York Department of Financial Services — PAXG was created to provide direct exposure to gold through blockchain technology. Each token corresponds to one fine troy ounce of physical gold. Its primary use case is to enable ownership, trading, and transfer of gold without the need for physical storage, insurance, or logistical handling of bullion.

Gold Backing and Storage

PAX Gold tokens are fully backed by allocated physical gold bars that meet London Bullion Market Association (LBMA) Good Delivery standards. The gold is stored in professional, secure vault facilities in London.

Key backing details include:

1:1 backing ratio — One PAXG token equals exactly one fine troy ounce (approximately 31.1035 grams) of 99.5%+ pure physical gold.
Allocated reserves — Gold bars are specifically assigned to token holders and not commingled for other purposes.
Monthly attestations — Independent third-party audits (historically including firms such as KPMG) confirm that physical reserves match the number of issued tokens at all times.

Holders can verify the serial number, weight, and characteristics of their allocated gold bars using the official PAXG lookup tool on the Paxos website by entering their Ethereum wallet address.

Token Supply and Economics

Unlike cryptocurrencies with fixed maximum supplies, PAXG supply expands or contracts based on investor deposits and redemptions of physical gold.

Supply metrics as of April 17, 2026:

Circulating supply: Approximately 493,650 PAXG.
Total supply: Matches circulating supply (new tokens are minted only when additional physical gold is deposited and burned when redeemed).
No maximum supply limit — Supply is dynamically tied to actual physical gold holdings.

This mechanism ensures the token supply remains fully collateralized by verifiable physical assets rather than algorithmic or speculative emission schedules.

Technology and Blockchain Integration

PAXG is implemented as a standard ERC-20 token on the Ethereum blockchain, providing broad compatibility with wallets, decentralized applications, and centralized exchanges.

Technical specifications include:

ERC-20 standard — Enables seamless transfers, custody, and integration with existing Ethereum infrastructure.
Smart-contract minting/burning — Controlled exclusively by Paxos Trust Company under regulated procedures.
Contract address — Verifiable on Etherscan and the official GitHub repository (paxosglobal/paxos-gold-contract).

No custom Layer-1 blockchain or advanced DeFi primitives beyond standard token functionality are required for core operations.

This asset appears with limited publicly available information as of April 17, 2026. Key details such as its use case, development roadmap, and underlying technology have not been fully disclosed or verified. For this reason, users should rely on official announcements and credible sources, and consider conducting deeper research before making any financial decisions.

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