PAX Gold PAXG

PAXG has moved +0.03% in the last day, -5.16% over the week, and -8.77% over the past month. The all-time high of $5,619 was set 129 days ago, leaving PAXG at 76.4% of that peak. Reclaiming the record would require a 31% advance from here. With both the weekly and monthly trends negative, the path of least resistance remains lower for now.

Volatility & risk

Realised volatility for PAXG is currently relatively contained, with a 7-day annualised reading near 21%. That makes it calmer than most large caps (less volatile than 77% of peers), which can suit lower-risk allocations. Day-to-day ranges are wide by traditional-asset standards but restrained for crypto.

Liquidity & trading depth

Over the last 24 hours roughly $106.77M changed hands, equal to about 5.4% of the circulating market value turning over in a day. That is thin turnover relative to market cap, so larger trades can move the price meaningfully and spreads may widen in stress. Liquidity health scores 32/100 on our composite, which blends 24-hour volume against market capitalisation.

Correlation with Bitcoin & markets

Over the past week, PAXG's hourly returns show a correlation of 0.25 with Bitcoin. That is a loose link — PAXG has moved with relative independence from Bitcoin, which can add diversification to a crypto basket. Correlation regimes shift, so this figure is a snapshot rather than a constant.

Our outlook blends three independent lenses. The technical model reads momentum as bearish and frames a near-term band of $3,694 to $4,639. The statistical model, driven by realised volatility, centres near $4,182 with a one-horizon spread of $3,487 to $5,282. The relative model, anchored to how comparable top-100 assets have performed (median -0.40% over the past week), points to $3,943 to $4,716. Blending the three yields the horizon-by-horizon ensemble in the table below. Model confidence is High, reflecting data completeness and liquidity. These are probabilistic scenarios generated from market data — not guarantees, and not financial advice.

PAX Gold has a circulating supply of 460,965 PAXG. There is no fixed hard cap; total supply currently stands near 460,965 tokens. Without a ceiling, long-run scarcity depends on the protocol's issuance and any burn mechanics. Fully diluted valuation and circulating market cap can diverge sharply when a large share of tokens is still locked, so both are worth comparing before drawing conclusions about value.

PAX Gold (PAXG) is the 43rd-ranked cryptocurrency tracked on TBN Express, with live pricing, derived risk metrics and a multi-model outlook refreshed throughout the day. The profile below combines project information with our own quantitative read of how PAXG is trading right now.

PAX Gold (PAXG) is an asset-backed token where one token should represent one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.

PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.

At any time, PAXG holders can lookup the serial number, value and physical characteristics of their vaulted gold just by entering their Ethereum wallet address on the PAXG lookup tool on Paxos.com/paxgold.

Official website →