PAX Gold (PAXG) Price

PAX Gold is a gold-backed cryptocurrency created by Paxos. Each PAXG token represents ownership of one troy ounce of physical gold stored in secure vaults. The token's value is directly tied to the real-time market price of gold, allowing investors to gain exposure to gold through a digital asset. PAX Gold operates on the Ethereum blockchain as an ERC-20 token, enabling easy transfer and trading. Key features include: • Full gold backing - each token is backed by allocated gold bars • Redeemable for physical gold • Regulated by the New York State Department of Financial Services • Transparent - gold bar details viewable online • Divisible and transferable like other cryptocurrencies As of 2026-05-27, PAX Gold is ranked #47 with a price of $4,454.84 and 24-hour trading volume of $6.43M. The circulating supply is 467.07K PAXG PAXG. PAX Gold combines the benefits of gold ownership with the flexibility of cryptocurrency, making it an innovative way to invest in gold digitally.

PAX Gold was created on September 26, 2019. It was launched by Paxos as a gold-backed cryptocurrency, with each token representing one fine troy ounce of London Good Delivery gold stored in secure vaults. As an ERC-20 token on the Ethereum blockchain, PAX Gold combines the benefits of physical gold ownership with the flexibility and accessibility of digital assets.

PAX Gold was founded by Paxos, a regulated financial institution and technology company. The founders of Paxos, who created PAXG, are Charles Cascarilla and Rich Teo. They established Paxos in 2012 with the goal of modernizing financial market infrastructure and making it more open and accessible. PAX Gold was launched in September 2019 as a gold-backed cryptocurrency, with each token representing one fine troy ounce of London Good Delivery gold stored in Brink's vaults. As a regulated trust company, Paxos is overseen by the New York State Department of Financial Services, ensuring compliance and security for PAXG holders.

PAX Gold works as a gold-backed cryptocurrency on the Ethereum blockchain. Each PAXG token represents ownership of one troy ounce of physical gold stored in secure vaults. Key features: 1. Backed 1:1 by allocated gold bars 2. Gold is stored in LBMA-approved vaults 3. ERC-20 token for easy trading and transfer 4. Redeemable for physical gold or fiat currency 5. Real-time gold price tracking 6. Regulated by the New York State Department of Financial Services Users can purchase PAXG tokens to gain exposure to gold prices without the hassles of storing physical gold. The tokens can be traded 24/7 on various crypto exchanges. Ownership records are maintained on the Ethereum blockchain, providing transparency and security. PAXG combines the benefits of physical gold ownership with the flexibility of a digital asset.

PAX Gold is built on the Ethereum blockchain as an ERC-20 token. Each PAXG token represents ownership of one fine troy ounce of a 400-ounce London Good Delivery gold bar, securely stored in Brink's vaults. The smart contract ensures that when a user transfers or trades PAXG, it automatically updates ownership of the corresponding physical gold. This architecture allows PAXG to combine the benefits of physical gold ownership with the speed and flexibility of a digital asset. Users can easily verify their gold holdings by entering their Ethereum wallet address on the PAX Gold platform. The ERC-20 standard enables PAXG to be widely compatible with various exchanges, wallets, and DeFi applications in the Ethereum ecosystem.

The future of PAX Gold looks promising as it continues to bridge the gap between traditional gold investments and the digital asset space. PAX Gold's roadmap focuses on expanding its ecosystem and enhancing accessibility. Key developments include: 1. Increased adoption: Partnering with more exchanges, wallets, and DeFi platforms to broaden PAX Gold's reach. 2. Enhanced liquidity: Improving market depth and reducing spreads to make PAX Gold more attractive for traders and investors. 3. Cross-chain compatibility: Exploring integration with other blockchain networks to increase interoperability. 4. Institutional focus: Developing tailored solutions for institutional investors to facilitate larger-scale gold investments. 5. Regulatory compliance: Maintaining strict adherence to regulations while working with authorities to establish clear frameworks for gold-backed cryptocurrencies. 6. Technological improvements: Upgrading smart contract functionality and exploring layer-2 solutions for faster and cheaper transactions. 7. Education initiatives: Increasing awareness about the benefits of tokenized gold through marketing campaigns and partnerships. By 2027, PAX Gold aims to be among the top 50 cryptocurrencies by market cap. Long-term projections suggest a potential price of $7,259.52 by 2031, driven by increased gold demand and wider crypto adoption.

PAX Gold is rising due to increased demand for gold-backed cryptocurrencies. As a digital representation of physical gold, PAXG benefits from gold's status as a safe-haven asset during economic uncertainty. The token's price closely tracks the spot price of gold, which has been trending upward recently.

PAX Gold price is currently experiencing a slight dip of -1.00%, trading at $4,454.84. This minor fluctuation is normal for gold-backed cryptocurrencies, reflecting short-term market dynamics and gold price movements.

PAX Gold is expected to reach $4,565.91 by 2027, $5,829.18 by --, and potentially $7,259.52 by 2031, tracking gold prices closely. Its value is directly tied to physical gold, providing stability and potential for steady growth.

PAX Gold price is expected to rise in 2027 due to increasing demand for gold-backed cryptocurrencies. The current price of $4,454.84 could reach $4,565.91 by next year as more investors seek stable digital assets tied to precious metals.

The current price of PAX Gold (PAXG) is $4,454.84. As the #47 cryptocurrency by market cap, PAXG has seen a -1.00% change in the last 24 hours with a trading volume of $6.43M.

The highest price PAX Gold has ever reached is $5,637.82. This all-time high was recorded on April 22, 2025.

The lowest price PAX Gold has ever reached is $2,986.26. This occurred on April 7, 2025.

Currently, 1 PAXG is worth $4,454.84.

PAX Gold is valuable because it's backed by physical gold stored in LBMA vaults. Each token represents one ounce of gold, providing a digital way to own and trade gold with the benefits of blockchain technology. Its value is directly tied to the real-time market price of gold.

As of 2026-05-27, there are 467.07K PAXG PAX Gold (PAXG) tokens in circulation. This represents the total supply of PAX Gold, as it has a 100% circulating supply ratio.

No, PAX Gold is not mineable. It's a tokenized gold asset backed by physical gold, so there's no mining process involved in its creation or distribution.

PAX Gold was launched on September 26, 2019. It is an ERC-20 token on the Ethereum blockchain, backed by physical gold stored in LBMA-accredited vaults.

Currently, one PAXG costs $4,454.84.

You can buy PAX Gold through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy PAXG at $4,454.84.

To purchase PAXG, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to PAXG trading pair, enter purchase amount, and confirm your transaction. Store your PAXG in a secure wallet for safekeeping.

Yes, PAX Gold is safe and legitimate. It's a regulated, gold-backed cryptocurrency issued by Paxos, a trusted financial institution. Each PAXG token represents one ounce of physical gold stored in secure vaults, providing transparency and stability.

PAX Gold is a gold-backed cryptocurrency where each token represents one ounce of London Good Delivery gold bars stored in secure vaults. It offers the benefits of gold ownership with the flexibility of digital assets on the Ethereum blockchain.

PAX Gold is generally considered a safe investment due to its backing by physical gold. Each token represents one ounce of gold stored in secure vaults, providing stability and intrinsic value. As of 2026-05-27, PAX Gold is priced at $4,454.84 with a market cap of $2.08B.

Yes, PAX Gold is fully backed by physical gold. Each PAXG token represents one troy ounce of London Good Delivery gold stored in secure Brink's vaults and regulated by the New York State Department of Financial Services.

As of 2026-05-27, PAX Gold (PAXG) is worth $4,454.84. The price has changed -1.00% in the last 24 hours, with a trading volume of $6.43M. PAX Gold's current market cap is $2.08B.