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Tokenized commodity

PAX Gold (PAXG) price today

PAX Gold (PAXG) is a token backed by physical gold issued by Paxos: each unit represents one troy ounce of a bar held in professional vaults in London.

Written and reviewed by the Cripto View editorial team

PAX Gold price now

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Price in Brazilian reais (BRL)
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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.

What is PAX Gold?

PAXG was launched in 2019 by Paxos Trust Company, an institution supervised by New York State's financial regulator.

Each token corresponds to ownership of one fine troy ounce of gold, about 31.1 grams, from a bar meeting the London market standard. Its price tracks the international gold price.

How PAX Gold works

Paxos holds the gold in custody and issues the same amount of tokens. Holders can look up the serial number of the bar tied to their balance, and the company publishes monthly reports verifying the reserves.

Redemption can be in physical bars, for large quantities, or in dollars. There are issuance, redemption and on-chain transfer fees.

What PAXG is used for

  • Exposure to the gold price with 24-hour trading and fractional amounts.
  • Diversifying crypto portfolios.
  • Collateral on lending platforms.

Risks and points of attention

  • Risk of the issuer and the gold custodian.
  • Physical redemption limited to large quantities.
  • The price can drift from the gold price when liquidity is thin.
  • In other currencies, the value also depends on the dollar exchange rate.

Key facts

SymbolPAXG
Asset typeTokenized commodity
Launch2019
Issuer or organizationPaxos Trust Company
NetworkToken on Ethereum
Maximum supplyNo cap: issued against deposited gold

Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.

Frequently asked questions about PAX Gold

How much gold does 1 PAXG represent?

One fine troy ounce of gold, approximately 31.1 grams.

Is PAXG regulated?

The issuer, Paxos Trust Company, is supervised by New York State's financial regulator, and reserves are verified monthly.

Can I redeem PAXG for physical gold?

Yes, but only in quantities equivalent to whole bars. For smaller amounts, redemption is in dollars or by selling in the market.

Where does the PAX Gold price on this page come from?

The panel shows the PAXG price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.