{
  "snapshot": {
    "date": "2026-06-26",
    "fetched_at": "2026-06-26T03:42:43.994Z",
    "total_market_cap_usd": 4989853875,
    "constituents_count": 18,
    "missing_count": 0,
    "constituents": [
      {
        "id": "tether-gold",
        "symbol": "XAUT",
        "name": "Tether Gold",
        "metal": "gold",
        "market_cap_usd": 2443335790,
        "price_usd": 3987.01,
        "volume_24h_usd": 211268658,
        "missing": false,
        "weight_pct": 48.966078991641815
      },
      {
        "id": "pax-gold",
        "symbol": "PAXG",
        "name": "PAX Gold",
        "metal": "gold",
        "market_cap_usd": 1804523329,
        "price_usd": 3991.45,
        "volume_24h_usd": 156781010,
        "missing": false,
        "weight_pct": 36.16385117089225
      },
      {
        "id": "kinesis-gold",
        "symbol": "KAU",
        "name": "Kinesis Gold",
        "metal": "gold",
        "market_cap_usd": 310330368,
        "price_usd": 130.05,
        "volume_24h_usd": 25669,
        "missing": false,
        "weight_pct": 6.219227572069934
      },
      {
        "id": "kinesis-silver",
        "symbol": "KAG",
        "name": "Kinesis Silver",
        "metal": "silver",
        "market_cap_usd": 213667504,
        "price_usd": 56.57,
        "volume_24h_usd": 778634,
        "missing": false,
        "weight_pct": 4.28203930120098
      },
      {
        "id": "pleasing-gold",
        "symbol": "PGOLD",
        "name": "Pleasing Gold",
        "metal": "gold",
        "market_cap_usd": 78275879,
        "price_usd": 4013.11,
        "volume_24h_usd": 1.3,
        "missing": false,
        "weight_pct": 1.5687008269355385
      },
      {
        "id": "matrixdock-gold",
        "symbol": "XAUM",
        "name": "Matrixdock Gold",
        "metal": "gold",
        "market_cap_usd": 62399683,
        "price_usd": 3993.98,
        "volume_24h_usd": 1488516,
        "missing": false,
        "weight_pct": 1.2505312693149757
      },
      {
        "id": "goldfish-gold",
        "symbol": "GGBR",
        "name": "Goldfish Gold",
        "metal": "gold",
        "market_cap_usd": 30569584,
        "price_usd": 4,
        "volume_24h_usd": 152919,
        "missing": false,
        "weight_pct": 0.6126348539615301
      },
      {
        "id": "streamex-gldy",
        "symbol": "GLDY",
        "name": "Streamex GLDY",
        "metal": "gold",
        "market_cap_usd": 12299581,
        "price_usd": 3996.32,
        "volume_24h_usd": 0,
        "missing": false,
        "weight_pct": 0.24649180733774495
      },
      {
        "id": "uranium",
        "symbol": "XU3O8",
        "name": "Uranium³O₈",
        "metal": "uranium",
        "market_cap_usd": 8378061,
        "price_usd": 5.24,
        "volume_24h_usd": 536022,
        "missing": false,
        "weight_pct": 0.16790193079551854
      },
      {
        "id": "gold-token-sa-dgld-tokenized-gold",
        "symbol": "DGLD",
        "name": "Gold Token SA DGLD",
        "metal": "gold",
        "market_cap_usd": 6391018,
        "price_usd": 3985.2,
        "volume_24h_usd": 38587,
        "missing": false,
        "weight_pct": 0.12808026367305195
      },
      {
        "id": "vnx-gold",
        "symbol": "VNXAU",
        "name": "VNX Gold",
        "metal": "gold",
        "market_cap_usd": 5777623,
        "price_usd": 131.01,
        "volume_24h_usd": 13942.6,
        "missing": false,
        "weight_pct": 0.11578741872476175
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      {
        "id": "comtech-gold",
        "symbol": "CGO",
        "name": "Comtech Gold",
        "metal": "gold",
        "market_cap_usd": 5000234,
        "price_usd": 128.21,
        "volume_24h_usd": 835697,
        "missing": false,
        "weight_pct": 0.10020802462877734
      },
      {
        "id": "matrixdock-silver",
        "symbol": "XAGM",
        "name": "Matrixdock Silver",
        "metal": "silver",
        "market_cap_usd": 3849043,
        "price_usd": 58.33,
        "volume_24h_usd": 11570.38,
        "missing": false,
        "weight_pct": 0.07713738911843386
      },
      {
        "id": "gold-dao",
        "symbol": "GOLDAO",
        "name": "Gold DAO",
        "metal": "gold",
        "market_cap_usd": 1862989,
        "price_usd": 0.00275425,
        "volume_24h_usd": 198.43,
        "missing": false,
        "weight_pct": 0.03733554221565256
      },
      {
        "id": "kinka",
        "symbol": "XNK",
        "name": "Kinka",
        "metal": "gold",
        "market_cap_usd": 1923556,
        "price_usd": 3990.81,
        "volume_24h_usd": 70414,
        "missing": false,
        "weight_pct": 0.03854934529520666
      },
      {
        "id": "gold-token",
        "symbol": "GLDT",
        "name": "Gold Token",
        "metal": "gold",
        "market_cap_usd": 663572,
        "price_usd": 1.12,
        "volume_24h_usd": 259.6,
        "missing": false,
        "weight_pct": 0.013298425497480126
      },
      {
        "id": "gold-fgld-finest-tokenized-gold",
        "symbol": "FGLD",
        "name": "fGLD",
        "metal": "gold",
        "market_cap_usd": 176832,
        "price_usd": 114.68,
        "volume_24h_usd": 114.68,
        "missing": false,
        "weight_pct": 0.003543831230929583
      },
      {
        "id": "tenbin-gold",
        "symbol": "TGLD",
        "name": "Tenbin Gold",
        "metal": "gold",
        "market_cap_usd": 429229,
        "price_usd": 4004.43,
        "volume_24h_usd": 3.02,
        "missing": false,
        "weight_pct": 0.008602035465417312
      }
    ],
    "methodology_version": "v1.4"
  },
  "index": {
    "gmri": 96.85,
    "gmri_ew": 98.1,
    "base_total_mcap": 5250675836,
    "today_total_mcap": 4989853875,
    "active_constituents": 18,
    "universe_size": 18,
    "family": {
      "live": {
        "TS-GMRI-EW": {
          "code": "TS-GMRI-EW",
          "name": "TS-GMRI Equal-Weighted",
          "n": 18,
          "value": 98.1,
          "notes": "Each active constituent weighted 1/N at base."
        },
        "TS-GMRI-CAP20": {
          "code": "TS-GMRI-CAP20",
          "name": "TS-GMRI Issuer-Capped 20%",
          "n": 18,
          "value": 96.41,
          "notes": "Single-issuer weight capped at 20%; excess pro-rata to uncapped. Unverified issuers treated standalone."
        },
        "TS-GMRI-AU": {
          "code": "TS-GMRI-AU",
          "name": "TS-GMRI Gold",
          "n": 15,
          "value": 97.3,
          "notes": "Subset: tokens backed by physical gold."
        },
        "TS-GMRI-PRE": {
          "code": "TS-GMRI-PRE",
          "name": "TS-GMRI Precious",
          "n": 17,
          "value": 96.85,
          "notes": "Subset: gold + silver + platinum + palladium."
        },
        "TS-GMRI-AG": {
          "code": "TS-GMRI-AG",
          "name": "TS-GMRI Silver",
          "n": 2,
          "value": 88.01,
          "notes": "Subset: tokens backed by physical silver."
        }
      },
      "slots": [
        {
          "code": "TS-GMRI-BASE",
          "name": "TS-GMRI Base Metals",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "No live retail tokens for base metals as of base date. Methodology slot registered for prior art."
        },
        {
          "code": "TS-GMRI-BTR",
          "name": "TS-GMRI Battery Metals",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Battery metals are the dominant narrative in commodity tokenization (energy transition, EV supply chain). No live retail tokens as of base date 22 June 2026. Methodology registered for prior art."
        },
        {
          "code": "TS-GMRI-FE",
          "name": "TS-GMRI Bulk Ferrous",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Iron ore is the largest mined commodity by volume globally. Tokenization pilots discussed (e.g. SGX, Comex) but no live retail tokens at base date. Slot registered for prior art."
        },
        {
          "code": "TS-GMRI-CRT",
          "name": "TS-GMRI Critical Materials",
          "n": 1,
          "threshold": 3,
          "status": "Active constituents: 1. Publish threshold: N>=3.",
          "reason": "Currently 1 eligible (XU3O8). Threshold for publication: 3 constituents."
        },
        {
          "code": "TS-GMRI-FA",
          "name": "TS-GMRI Ferroalloys",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Ferroalloys are essential steelmaking inputs but trade physically. No live retail tokens at base date. Slot registered for prior art."
        },
        {
          "code": "TS-GMRI-LT",
          "name": "TS-GMRI Light Metals",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Light metals overlap partially with base metals (Al) and critical (Ti, Be). Dedicated slot allows aerospace/EV body-panel narrative segmentation. No live retail tokens at base date."
        },
        {
          "code": "TS-GMRI-MN",
          "name": "TS-GMRI Minor Metals",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Minor metals trade thinly, often as by-products. No retail tokenization exists at base date. Slot registered for prior art."
        },
        {
          "code": "TS-GMRI-REF",
          "name": "TS-GMRI Refractory Metals",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Refractory metals are strategic for high-temperature alloys and electronics. No live retail tokens at base date. Slot registered for prior art."
        },
        {
          "code": "TS-GMRI-STL",
          "name": "TS-GMRI Steel",
          "n": 0,
          "threshold": 3,
          "status": "Active constituents: 0. Publish threshold: N>=3.",
          "reason": "Steel is the most produced metal globally. SGX iron-ore-linked products and limited steel futures exist; no live retail tokenization at base date. Slot registered for prior art."
        },
        {
          "code": "TS-GMRI-JUR",
          "name": "TS-GMRI by Jurisdiction",
          "threshold_per_jurisdiction": 2,
          "max_verified_per_jurisdiction": 1,
          "status": "CH-vault/BVI-issuer: 1 verified issuer(s); US-NYDFS: 1 verified issuer(s); KY/LI: 1 verified issuer(s); SG: 1 verified issuer(s); LI: 1 verified issuer(s); AE-Dubai: 1 verified issuer(s)",
          "reason": "Awaiting issuer diversification — current map has 1 verified issuer per jurisdiction. Publish threshold: >=2 verified issuers per jurisdiction."
        }
      ]
    },
    "per_token": [
      {
        "symbol": "XAUT",
        "metal": "gold",
        "base_mcap": 2566854319,
        "today_mcap": 2443335790,
        "base_price": 4188.1,
        "today_price": 3987.01,
        "return_pct": -4.812058404939812
      },
      {
        "symbol": "PAXG",
        "metal": "gold",
        "base_mcap": 1906909991,
        "today_mcap": 1804523329,
        "base_price": 4195.65,
        "today_price": 3991.45,
        "return_pct": -5.369244614755386
      },
      {
        "symbol": "KAU",
        "metal": "gold",
        "base_mcap": 306789740,
        "today_mcap": 310330368,
        "base_price": 128.57,
        "today_price": 130.05,
        "return_pct": 1.1540894424956871
      },
      {
        "symbol": "KAG",
        "metal": "silver",
        "base_mcap": 251575935,
        "today_mcap": 213667504,
        "base_price": 66.61,
        "today_price": 56.57,
        "return_pct": -15.068385217369862
      },
      {
        "symbol": "PGOLD",
        "metal": "gold",
        "base_mcap": 81230358,
        "today_mcap": 78275879,
        "base_price": 4164.58,
        "today_price": 4013.11,
        "return_pct": -3.6371611214615074
      },
      {
        "symbol": "XAUM",
        "metal": "gold",
        "base_mcap": 64218820,
        "today_mcap": 62399683,
        "base_price": 4179.21,
        "today_price": 3993.98,
        "return_pct": -2.832716328328677
      },
      {
        "symbol": "GGBR",
        "metal": "gold",
        "base_mcap": 24140660,
        "today_mcap": 30569584,
        "base_price": 4.2,
        "today_price": 4,
        "return_pct": 26.631102877883215
      },
      {
        "symbol": "GLDY",
        "metal": "gold",
        "base_mcap": 12937920,
        "today_mcap": 12299581,
        "base_price": 4203.73,
        "today_price": 3996.32,
        "return_pct": -4.933861084316494
      },
      {
        "symbol": "XU3O8",
        "metal": "uranium",
        "base_mcap": 8605983,
        "today_mcap": 8378061,
        "base_price": 5.37,
        "today_price": 5.24,
        "return_pct": -2.6484133189665804
      },
      {
        "symbol": "DGLD",
        "metal": "gold",
        "base_mcap": 6703870,
        "today_mcap": 6391018,
        "base_price": 4180.29,
        "today_price": 3985.2,
        "return_pct": -4.6667372726499785
      },
      {
        "symbol": "VNXAU",
        "metal": "gold",
        "base_mcap": 5953992,
        "today_mcap": 5777623,
        "base_price": 135.15,
        "today_price": 131.01,
        "return_pct": -2.962197463483318
      },
      {
        "symbol": "CGO",
        "metal": "gold",
        "base_mcap": 5275580,
        "today_mcap": 5000234,
        "base_price": 135.27,
        "today_price": 128.21,
        "return_pct": -5.219255513137888
      },
      {
        "symbol": "XAGM",
        "metal": "silver",
        "base_mcap": 4433126,
        "today_mcap": 3849043,
        "base_price": 67.18,
        "today_price": 58.33,
        "return_pct": -13.17542068508768
      },
      {
        "symbol": "XNK",
        "metal": "gold",
        "base_mcap": 2026773,
        "today_mcap": 1923556,
        "base_price": 4204.92,
        "today_price": 3990.81,
        "return_pct": -5.092676880933389
      },
      {
        "symbol": "GOLDAO",
        "metal": "gold",
        "base_mcap": 2037734,
        "today_mcap": 1862989,
        "base_price": 0.00300412,
        "today_price": 0.00275425,
        "return_pct": -8.575456855507147
      },
      {
        "symbol": "GLDT",
        "metal": "gold",
        "base_mcap": 692969,
        "today_mcap": 663572,
        "base_price": 1.17,
        "today_price": 1.12,
        "return_pct": -4.242181107668596
      },
      {
        "symbol": "TGLD",
        "metal": "gold",
        "base_mcap": 74886,
        "today_mcap": 429229,
        "base_price": 3793.5,
        "today_price": 4004.43,
        "return_pct": 473.17656170712814
      },
      {
        "symbol": "FGLD",
        "metal": "gold",
        "base_mcap": 213180,
        "today_mcap": 176832,
        "base_price": 138.25,
        "today_price": 114.68,
        "return_pct": -17.050379960596686
      }
    ],
    "date": "2026-06-26",
    "fetched_at": "2026-06-26T03:42:43.994Z",
    "base_date": "2026-06-22",
    "base_value": 100,
    "methodology_version": "v1.4"
  }
}