{ "snapshot": { "date": "2026-09-18", "fetched_at": "2026-09-18T14:00:00.000Z", "valuation": "15:00 Europe/London (minute of the LBMA Gold PM fix); CoinGecko hourly market data: the point nearest that minute within ±30 minutes, otherwise the last earlier point within 7 days (stale); methodology v1.7", "retrieved_at": "2026-11-03T11:49:56.497Z", "total_market_cap_usd": 5468518127.166972, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2707750513.7236857, "price_usd": 4347.539584090839, "volume_24h_usd": 188098758.82510525, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 49.51525167799831 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1887791096.331981, "price_usd": 4344.749929152741, "volume_24h_usd": 155847852.89348686, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 34.52107229842854 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 334351001.59778166, "price_usd": 140.11696486219023, "volume_24h_usd": 223279.57548136637, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 6.114106122036318 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 248323685.11794618, "price_usd": 66.71845755465553, "volume_24h_usd": 308375.4234436745, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 4.540968491707151 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 84646048.17952076, "price_usd": 4339.699014873235, "volume_24h_usd": 5.496849500807651, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 1.5478790818852528 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 71553365.45954977, "price_usd": 4338.69271203469, "volume_24h_usd": 473357.0737247266, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 1.3084598751548584 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 81534518.07326812, "price_usd": 4.045092014599907, "volume_24h_usd": 34609.92849976733, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 1.4909801188774334 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 13414952.83595456, "price_usd": 4358.72, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.24531239586297812 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8997268.766116485, "price_usd": 5.6232929788228025, "volume_24h_usd": 183162.897539925, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.16452846195058005 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10474321.813501876, "price_usd": 4342.668836484046, "volume_24h_usd": 275.703872844971, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.19153857717809591 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 6140010.297887734, "price_usd": 139.5456885883576, "volume_24h_usd": 24297.1861319049, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.11227923461357595 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3345564.4410908474, "price_usd": 139.3985183787853, "volume_24h_usd": 891548.2548816112, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.06117862944387925 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4899249.435168203, "price_usd": 67.0785876708887, "volume_24h_usd": 13018.739010746587, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.08959007396956943 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 3632298.7969009145, "price_usd": 0.00535489509627728, "volume_24h_usd": 705.3078431529264, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.0664219942667113 }, { "id": "kinka", "symbol": "XNK", "name": "Kinka", "metal": "gold", "market_cap_usd": 0, "price_usd": 0, "volume_24h_usd": 0, "missing": true, "weight_pct": 0 }, { "id": "gold-token", "symbol": "GLDT", "name": "Gold Token", "metal": "gold", "market_cap_usd": 843342.8889925742, "price_usd": 1.4185750866149271, "volume_24h_usd": 5316.635164335983, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.01542178099041024 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 211205.52334249596, "price_usd": 136.96856247892086, "volume_24h_usd": 136.96856247892086, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.0038622076114779814 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 609683.8842837438, "price_usd": 4363.0386624512785, "volume_24h_usd": 9.8400937536169, "missing": false, "point_utc": "2026-09-18T14:00:00.000Z", "weight_pct": 0.011148978024867542 }, { "id": "cobalt-xco", "symbol": "xCo", "name": "Trilitech Cobalt", "metal": "cobalt", "market_cap_usd": 0, "price_usd": 0, "volume_24h_usd": 0, "missing": true, "weight_pct": 0 }, { "id": "nickel-xni", "symbol": "xNi", "name": "Trilitech Nickel", "metal": "nickel", "market_cap_usd": 0, "price_usd": 0, "volume_24h_usd": 0, "missing": true, "weight_pct": 0 }, { "id": "rare-earths-basket-rare", "symbol": "RARE", "name": "Noemon Rare Earths Basket", "metal": "rare-earths", "market_cap_usd": 0, "price_usd": 0, "volume_24h_usd": 0, "missing": true, "weight_pct": 0 } ] }, "index": { "gmri": 104.35, "gmri_ew": 109.55, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5468518127.166972, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 109.55, "notes": "Each active constituent weighted 1/N at base." }, "TS-GMRI-CAP20": { "code": "TS-GMRI-CAP20", "name": "TS-GMRI Issuer-Capped 20%", "n": 17, "value": 131.32, "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": 14, "value": 104.54, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 104.35, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 100.51, "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": "A registered methodology slot for strategic critical materials. Four tokens are eligible by metal type: XU3O8 uranium concentrate, Trilitech xCo cobalt, Trilitech xNi nickel and the Noemon RARE basket (hafnium, neodymium, rhenium, indium, praseodymium). Only XU3O8 has a public market price; xCo, xNi and RARE have no public market price, so they cannot be counted. Active constituents: 1. The publication threshold N ≥ 3 is not met, and the index is not published. Critical materials underpin defence, nuclear and clean-energy supply chains. xCo and xNi launched on 25 June 2026 via metals.io; they and the RARE basket enter the calculation automatically once a public market price is available." }, { "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": 2563785548.523422, "today_mcap": 2707750513.7236857, "base_price": 4183.561630896118, "today_price": 4347.539584090839, "return_pct": 5.615327899916545 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1887791096.331981, "base_price": 4192.532749581879, "today_price": 4344.749929152741, "return_pct": -0.9121175481650923 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 334351001.59778166, "base_price": 128.4862810930633, "today_price": 140.11696486219023, "return_pct": 9.052082191329625 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 248323685.11794618, "base_price": 66.49648339812154, "today_price": 66.71845755465553, "return_pct": 0.33381337657363286 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 84646048.17952076, "base_price": 4164.802505571079, "today_price": 4339.699014873235, "return_pct": 4.199395026971975 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 81534518.07326812, "base_price": 4.195308142410139, "today_price": 4.045092014599907, "return_pct": 230.69708931904694 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 71553365.45954977, "base_price": 4149.36353844632, "today_price": 4338.69271203469, "return_pct": 10.37188674576126 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 13414952.83595456, "base_price": 4203.725, "today_price": 4358.72, "return_pct": 3.6870870477968776 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10474321.813501876, "base_price": 4171.559020523995, "today_price": 4342.668836484046, "return_pct": 56.56976937521241 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8997268.766116485, "base_price": 5.391019455400367, "today_price": 5.6232929788228025, "return_pct": 4.308526900042242 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 6140010.297887734, "base_price": 134.88528771033504, "today_price": 139.5456885883576, "return_pct": 3.220492626666416 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4899249.435168203, "base_price": 67.13630422341475, "today_price": 67.0785876708887, "return_pct": 10.591025661585318 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 3632298.7969009145, "base_price": 0.0030392766417300637, "today_price": 0.00535489509627728, "return_pct": 76.18978880544036 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3345564.4410908474, "base_price": 134.78945354543114, "today_price": 139.3985183787853, "return_pct": -36.35725840464187 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 843342.8889925742, "base_price": 1.1757732299433779, "today_price": 1.4185750866149271, "return_pct": 20.67069628097913 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 609683.8842837438, "base_price": 3791.0328342676444, "today_price": 4363.0386624512785, "return_pct": 714.6758968222414 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 211205.52334249596, "base_price": 125.26996566581191, "today_price": 136.96856247892086, "return_pct": 9.338708405427209 } ], "date": "2026-09-18", "fetched_at": "2026-09-18T14:00:00.000Z", "valuation": "15:00 Europe/London (minute of the LBMA Gold PM fix); CoinGecko hourly market data: the point nearest that minute within ±30 minutes, otherwise the last earlier point within 7 days (stale); methodology v1.7", "base_date": "2026-06-22", "base_value": 100 } }