{ "snapshot": { "date": "2026-09-21", "fetched_at": "2026-09-21T14:00:00.000Z", "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": 5478087627.540524, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2708222066.5151796, "price_usd": 4348.296704961694, "volume_24h_usd": 156139705.44549572, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 49.43736301149823 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1887853322.3330169, "price_usd": 4344.8931422519645, "volume_24h_usd": 143799745.05276132, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 34.46190442157274 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 336792760.6052864, "price_usd": 141.14023639247281, "volume_24h_usd": 269741.55141824955, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 6.147998781766384 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 248727173.323089, "price_usd": 66.8268648967737, "volume_24h_usd": 295244.5372689545, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 4.540401509326697 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 84514526.2755742, "price_usd": 4332.956048257941, "volume_24h_usd": 4.93516596947868, "missing": false, "point_utc": "2026-09-21T11:00:00.000Z", "stale": true, "weight_pct": 1.542774267623725 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 71554473.8570047, "price_usd": 4338.759920557012, "volume_24h_usd": 564765.7895497825, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 1.306194400711517 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 87771899.82172456, "price_usd": 4.354541112956258, "volume_24h_usd": 34042.103788764274, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 1.6022361413216601 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 13406535.25097403, "price_usd": 4355.985, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.24473020810353688 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8974998.62262566, "price_usd": 5.609374139141037, "volume_24h_usd": 168557.784171789, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.1638345209650312 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10469103.953692636, "price_usd": 4340.505504386082, "volume_24h_usd": 235.8848736144236, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.1911087347537175 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 6132782.393343208, "price_usd": 139.38141803052747, "volume_24h_usd": 21382.995861128496, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.11195115540889258 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3359651.824753461, "price_usd": 139.98549269806088, "volume_24h_usd": 918122.4907583107, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.06132891719115913 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4929393.703027155, "price_usd": 67.48964435563951, "volume_24h_usd": 4021.498879643343, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.08998384177436546 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 3693641.9230009625, "price_usd": 0.005445329838436634, "volume_24h_usd": 4287.049834177577, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.0674257546453174 }, { "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": 869072.5243100097, "price_usd": 1.461854786367516, "volume_24h_usd": 4632.956610013623, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.015864523961625528 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 209627.93463185514, "price_usd": 135.94548290003576, "volume_24h_usd": 407.7444261887821, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.003826662676551069 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 606596.6792896192, "price_usd": 4340.945910624481, "volume_24h_usd": 19.88292361762056, "missing": false, "point_utc": "2026-09-21T14:00:00.000Z", "weight_pct": 0.011073146698859226 }, { "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": 104.53, "gmri_ew": 110.37, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5478087627.540524, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 110.37, "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": 135.75, "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": 104.73, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 104.53, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 100.69, "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": 2708222066.5151796, "base_price": 4183.561630896118, "today_price": 4348.296704961694, "return_pct": 5.633720732802483 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1887853322.3330169, "base_price": 4192.532749581879, "today_price": 4344.8931422519645, "return_pct": -0.9088513802675613 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 336792760.6052864, "base_price": 128.4862810930633, "today_price": 141.14023639247281, "return_pct": 9.848487474117306 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 248727173.323089, "base_price": 66.49648339812154, "today_price": 66.8268648967737, "return_pct": 0.49684055722785114 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 87771899.82172456, "base_price": 4.195308142410139, "today_price": 4.354541112956258, "return_pct": 255.99538061860102 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 84514526.2755742, "base_price": 4164.802505571079, "today_price": 4332.956048257941, "return_pct": 4.037491392735437 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 71554473.8570047, "base_price": 4149.36353844632, "today_price": 4338.759920557012, "return_pct": 10.37359646154583 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 13406535.25097403, "base_price": 4203.725, "today_price": 4355.985, "return_pct": 3.622025703394005 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10469103.953692636, "base_price": 4171.559020523995, "today_price": 4340.505504386082, "return_pct": 56.49177300260604 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8974998.62262566, "base_price": 5.391019455400367, "today_price": 5.609374139141037, "return_pct": 4.050341230394494 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 6132782.393343208, "base_price": 134.88528771033504, "today_price": 139.38141803052747, "return_pct": 3.098983405745237 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4929393.703027155, "base_price": 67.13630422341475, "today_price": 67.48964435563951, "return_pct": 11.271473869918825 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 3693641.9230009625, "base_price": 0.0030392766417300637, "today_price": 0.005445329838436634, "return_pct": 79.16532386920065 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3359651.824753461, "base_price": 134.78945354543114, "today_price": 139.98549269806088, "return_pct": -36.08927381370628 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 869072.5243100097, "base_price": 1.1757732299433779, "today_price": 1.461854786367516, "return_pct": 24.352251019075656 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 606596.6792896192, "base_price": 3791.0328342676444, "today_price": 4340.945910624481, "return_pct": 710.5506910195371 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 209627.93463185514, "base_price": 125.26996566581191, "today_price": 135.94548290003576, "return_pct": 8.522008589595531 } ], "date": "2026-09-21", "fetched_at": "2026-09-21T14:00:00.000Z", "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 } }