{ "snapshot": { "date": "2026-09-20", "fetched_at": "2026-09-20T14:00:00.000Z", "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": 5501201807.424225, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2720834078.7222276, "price_usd": 4368.5464369910205, "volume_24h_usd": 66818506.8076017, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 49.45890323547643 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1894151430.0231001, "price_usd": 4359.388232833467, "volume_24h_usd": 57986450.65050615, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 34.43159324689418 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 339503432.30328923, "price_usd": 142.27620155856167, "volume_24h_usd": 1823.6983282370834, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 6.171441153914905 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 248948735.91495186, "price_usd": 66.88639330774215, "volume_24h_usd": 75113.5937552904, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 4.5253518163790964 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 84667009.3058649, "price_usd": 4340.7736660979845, "volume_24h_usd": 5.498210700289012, "missing": false, "point_utc": "2026-09-18T15:00:00.000Z", "stale": true, "weight_pct": 1.5390638676734478 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 72048589.65824112, "price_usd": 4368.721007809262, "volume_24h_usd": 430148.4685902274, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 1.3096881768817665 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 87751225.13959791, "price_usd": 4.353515400245235, "volume_24h_usd": 41626.771249020276, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 1.5951282685389219 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 13456279.023276705, "price_usd": 4372.1475, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.2446061696030964 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8975574.369349722, "price_usd": 5.609733980843576, "volume_24h_usd": 499540.20928821893, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.16315660983817407 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10660888.170443295, "price_usd": 4420.019515531897, "volume_24h_usd": 13.137397688130674, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.19379198479968035 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 6185552.248768388, "price_usd": 140.58073292655428, "volume_24h_usd": 15304.0526551035, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.11244001702356364 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3342102.757564474, "price_usd": 139.2542815651864, "volume_24h_usd": 922538.6866504295, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.06075222968650399 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4941475.112921219, "price_usd": 67.65561107468928, "volume_24h_usd": 20985.83418642117, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.08982537427098895 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 4065211.5389467427, "price_usd": 0.005993114155093435, "volume_24h_usd": 1480.8684317557072, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.07389678985163713 }, { "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": 845151.4003860239, "price_usd": 1.4216171579243464, "volume_24h_usd": 3374.1411412158823, "missing": false, "point_utc": "2026-09-20T14:00:00.000Z", "weight_pct": 0.015363032115008722 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 219020.68272571787, "price_usd": 142.03675922549797, "volume_24h_usd": 142.03675922549797, "missing": false, "point_utc": "2026-09-18T22:00:00.000Z", "stale": true, "weight_pct": 0.00398132427045551 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 606051.0525686098, "price_usd": 4337.041279814324, "volume_24h_usd": 8.577765690008894, "missing": false, "point_utc": "2026-09-19T21:00:00.000Z", "stale": true, "weight_pct": 0.011016702782121263 }, { "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": 104.97, "gmri_ew": 111.84, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5501201807.424225, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 111.84, "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": 136.18, "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": 105.18, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 104.97, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 100.78, "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": 2720834078.7222276, "base_price": 4183.561630896118, "today_price": 4368.5464369910205, "return_pct": 6.125650029085139 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1894151430.0231001, "base_price": 4192.532749581879, "today_price": 4359.388232833467, "return_pct": -0.5782712881818641 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 339503432.30328923, "base_price": 128.4862810930633, "today_price": 142.27620155856167, "return_pct": 10.732601448329127 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 248948735.91495186, "base_price": 66.49648339812154, "today_price": 66.88639330774215, "return_pct": 0.5863616986873987 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 87751225.13959791, "base_price": 4.195308142410139, "today_price": 4.353515400245235, "return_pct": 255.91152586157975 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 84667009.3058649, "base_price": 4164.802505571079, "today_price": 4340.7736660979845, "return_pct": 4.225198200671376 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 72048589.65824112, "base_price": 4149.36353844632, "today_price": 4368.721007809262, "return_pct": 11.135775751130584 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 13456279.023276705, "base_price": 4203.725, "today_price": 4372.1475, "return_pct": 4.006506134440291 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10660888.170443295, "base_price": 4171.559020523995, "today_price": 4420.019515531897, "return_pct": 59.35855627708493 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8975574.369349722, "base_price": 5.391019455400367, "today_price": 5.609733980843576, "return_pct": 4.057016066304753 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 6185552.248768388, "base_price": 134.88528771033504, "today_price": 140.58073292655428, "return_pct": 3.9861041447281753 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4941475.112921219, "base_price": 67.13630422341475, "today_price": 67.65561107468928, "return_pct": 11.544188196736238 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 4065211.5389467427, "base_price": 0.0030392766417300637, "today_price": 0.005993114155093435, "return_pct": 97.18883344827547 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3342102.757564474, "base_price": 134.78945354543114, "today_price": 139.2542815651864, "return_pct": -36.42311008199951 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 845151.4003860239, "base_price": 1.1757732299433779, "today_price": 1.4216171579243464, "return_pct": 20.929469233153263 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 606051.0525686098, "base_price": 3791.0328342676444, "today_price": 4337.041279814324, "return_pct": 709.8216100158779 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 219020.68272571787, "base_price": 125.26996566581191, "today_price": 142.03675922549797, "return_pct": 13.384527943765523 } ], "date": "2026-09-20", "fetched_at": "2026-09-20T14:00:00.000Z", "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 } }