🪙 What Is $PAXG? (PAX Gold)
PAXG (PAX Gold) is a tokenized gold asset — a cryptocurrency where each token is backed 1:1 by a physical fine troy ounce of London Good Delivery gold held in secure vaults by Paxos Trust Company. That means:
Owning 1 PAXG ≈ owning 1 ounce of gold — but in digital form on Ethereum.
You can trade it like crypto while still having exposure to physical gold value.
PAXG can often be redeemed or converted back to physical gold or fiat through Paxos or selected partners.
💰 Current Price & Market Snapshot (Live Data)
📊 Price
~$4,675 USD per 1 PAXG (recent live price).
📈 Market Cap & Volume
Market Cap: ~$1.79 billion.
24 h Trading Volume: ~$158 million+.
Circulating Supply: ~383 k tokens.
📊 Local Price Example
In Bangladeshi Taka (BDT): ~৳552,000 per 1 PAXG (subject to exchange fluctuations).
📌 Why $PAXG Exists
PAXG blends two worlds:
Gold’s value & stability — backed by real gold.
Crypto convenience — easy fractional ownership, fast transfers, and tradability.
This makes it appealing for investors who want gold exposure without holding physical bars.
🧠 How It Works in Practice
Backing: Each PAXG token corresponds to stored physical gold; you can verify bar serials through Paxos tools.
Tradable: Listed on many exchanges and pairs (USDT, BTC, etc.).
Liquidity: Volume and market cap indicate broad trading activity.
Redemption: In some cases, holders can redeem tokens for physical gold or fiat through authorized channels.
📈 Price Drivers
PAXG’s price closely tracks the real gold market — so its direction is heavily tied to gold’s performance, macro stability, and safe-haven demand. If gold rises, PAXG usually follows; if gold dips, so can PAXG.
💡 Unlike pure crypto, PAXG is less volatile in theory because it mirrors gold. But market price can still deviate slightly due to liquidity and exchange flows.