PAXG
PAXG Rank #43
Commodity-BackedReal World Assets
₹398,187.80
▲ 0.69%
24h
Market Cap
₹178,741,939,327
24h Volume
₹105,614,905,239
All-Time High
₹542,129.80
All-Time Low
₹135,037.27
Circ. Supply
448,889
Fully Diluted
—
Price Chart
24h Price Range
INR
₹394,000.10
₹409,128.40
Overview
About PAXG
PAX Gold (PAXG) is a token backed one-to-one by physical gold bars stored in professional vaults, letting holders own and transfer real gold value using a blockchain wallet instead of physical delivery.
PAX Gold (PAXG) is issued by Paxos Trust Company, a regulated New York trust, with each token backed by one fine troy ounce of a London Good Delivery gold bar held in professional vaults. It launched in 2019 as a regulated way to own physical gold on-chain.
Holders own title to specific allocated gold, not a promise or derivative: token holders can look up the serial number of the bar backing their PAXG. Tokens are divisible to small fractions of an ounce, transfer like any Ethereum token, and can be redeemed for physical gold or its cash value.
PAXG is used to hold gold exposure within crypto portfolios, hedge market volatility, and move gold value instantly across borders, things physical bullion cannot do. Its regulated structure has made it the preferred gold token for institutions and a common collateral asset on trading platforms.
Key Facts
Market Rank#43
Circulating448,889 PAXG
SymbolPAXG