PAX Gold (PAXG) is a unique digital asset that bridges traditional finance and blockchain technology by offering tokenized ownership of physical gold. Each PAXG token represents one fine troy ounce of London Good Delivery gold, stored in secure, insured vaults. This article provides a comprehensive overview of the current PAXG price, market data, storage options, and investment potential—ideal for investors seeking exposure to precious metals through a modern financial instrument.
With growing interest in asset-backed cryptocurrencies, PAXG has emerged as a leading choice for those looking to hedge against inflation and diversify portfolios with gold, without the logistical challenges of physical bullion.
👉 Discover how gold-backed crypto is reshaping digital investing today.
Current PAXG Market Data (Updated in Real Time)
As of the latest update, the live price of PAX Gold (PAXG) stands at $3,352.42** per token. Over the past 24 hours, the trading volume reached **$466,783, reflecting steady market activity. The price has increased by +0.12% in the last day and +0.28% over the past week.
| Time Period | Price Change | Percentage Change |
|---|---|---|
| Today | +$5.42 | +0.16% |
| 7 Days | +$9.96 | +0.30% |
| 30 Days | -$35.63 | -1.05% |
| 3 Months | +$93.88 | +2.88% |
PAXG currently has a circulating supply of 278,583 tokens, resulting in a market capitalization of $933.47 million. It ranks #52 among all cryptocurrencies by market cap, highlighting its significance in the asset-backed crypto space.
The all-time high for PAXG was $3,520.34**, meaning the current price is approximately **4.81% below** that peak. Conversely, the all-time low stands at **$1,387.97, indicating the price has appreciated by over 141.44% since then.
What Is PAX Gold (PAXG)?
PAX Gold is an ERC-20 token issued by Paxos Trust Company, a regulated financial institution based in the United States. Unlike speculative cryptocurrencies, PAXG is fully backed by real-world assets—each token is redeemable for one troy ounce of physical gold. The gold reserves are audited regularly and stored in high-security vaults across multiple locations.
This combination of regulatory compliance, transparency, and tangible backing makes PAXG a trusted option for both retail and institutional investors.
Key Features of PAXG:
- Gold-Backed: 1 PAXG = 1 oz of physical gold
- Transparent Reserves: Monthly audits verify gold holdings
- Blockchain-Based: Built on Ethereum, BNB Smart Chain, and Solana
- Redeemable: Eligible users can request physical delivery
- Fractional Ownership: Buy and trade fractions of a gold ounce
These attributes position PAXG as a bridge between traditional precious metal investing and the flexibility of digital assets.
Where to Store PAX Gold (PAXG)
Securing your PAXG holdings is essential, and several storage options cater to different levels of technical expertise and security preferences:
1. Custodial Exchange Wallets
Using platforms like KuCoin or OKX allows you to store PAXG safely without managing private keys. Ideal for beginners or active traders.
2. Self-Custody Wallets
For greater control, use non-custodial wallets such as:
- Web-based: MetaMask
- Mobile: Trust Wallet
- Desktop: Exodus
These let you retain full ownership of your private keys.
3. Hardware Wallets
Cold storage devices like Ledger or Trezor offer top-tier security by keeping keys offline.
4. Third-Party Custody Services
Institutional investors may opt for specialized crypto custody providers with insurance and multi-signature protocols.
👉 Learn how secure crypto wallets protect your digital gold investments.
How to Convert PAXG to Cash
Converting your PAX Gold into fiat currency involves a few straightforward steps:
- Sell PAXG for a Stablecoin: Trade your PAXG for USDT or USDC on a spot exchange.
- Withdraw to Fiat: Use peer-to-peer (P2P) trading platforms to exchange stablecoins for local currency.
- Direct Crypto-Fiat Trading: Some exchanges support direct PAXG-to-fiat pairs if available in your region.
This process enables quick liquidity while maintaining exposure to gold’s value during holding periods.
Frequently Asked Questions (FAQ)
Q: What is the current price of PAX Gold (PAXG)?
A: The current live price of PAXG is $3,352.42 USD, updated in real time based on global exchange data.
Q: Is PAXG backed by real gold?
A: Yes. Each PAXG token is backed by one fine troy ounce of physical gold held in secure, insured vaults and subject to regular audits.
Q: Can I redeem PAXG for physical gold?
A: Eligible institutional clients can redeem large quantities of PAXG for physical delivery. Retail users typically trade or hold digitally.
Q: On which blockchains is PAXG available?
A: PAXG operates on Ethereum (ERC-20), BNB Smart Chain (BEP-20), and Solana, ensuring wide accessibility and low transfer fees.
Q: What is the circulating supply of PAXG?
A: As of early 2025, there are 278,583 PAXG tokens in circulation. There is no fixed maximum supply—the issuance scales with gold reserves.
Q: How does PAXG differ from other gold tokens?
A: PAXG stands out due to its regulatory compliance, transparent auditing, and direct redeemability. It's issued by a regulated trust company, enhancing trust and legitimacy.
Why Invest in Gold-Backed Cryptocurrencies?
Gold has long been considered a safe-haven asset during economic uncertainty. By tokenizing gold, PAXG brings several advantages:
- 24/7 Market Access: Trade anytime, unlike traditional gold markets.
- Global Liquidity: Instant transfers across borders with minimal fees.
- Transparency: On-chain tracking and verified reserves.
- Inflation Hedge: Preserves purchasing power over time.
As central banks continue quantitative easing and geopolitical tensions rise, demand for digital gold solutions like PAXG is expected to grow.
👉 See how digital gold is transforming modern portfolio strategies.
Final Thoughts
PAX Gold (PAXG) offers a compelling fusion of timeless value and cutting-edge technology. Whether you're looking to diversify your crypto portfolio, hedge against inflation, or gain easy access to gold markets, PAXG delivers a secure, transparent, and efficient solution.
With real-time pricing around $3,352, strong market adoption, and integration across major blockchains, PAXG remains a standout in the world of asset-backed digital currencies.
Stay informed, store securely, and consider how gold-backed tokens can play a role in your long-term financial strategy.
Note: Always conduct independent research before investing. Cryptocurrency markets are volatile and past performance does not guarantee future results.