{ "snapshot": { "date": "2026-09-23", "fetched_at": "2026-09-23T14:00:00.000Z", "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": 5399605492.207189, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2671145850.467834, "price_usd": 4288.767469872575, "volume_24h_usd": 172086728.99223486, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 49.469277974527614 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1865089526.0793474, "price_usd": 4288.512270609066, "volume_24h_usd": 163438101.7155972, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 34.54121840514237 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 328511941.56849074, "price_usd": 137.66998140754936, "volume_24h_usd": 447001.0217331928, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 6.08399895219392 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 240383912.3346622, "price_usd": 64.58523617795304, "volume_24h_usd": 557684.0614783821, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 4.451879173054193 }, { "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": 1.5651981685985603 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 70541359.42057297, "price_usd": 4277.328982125361, "volume_24h_usd": 637415.265218891, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 1.3064169136500725 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 86634161.03392477, "price_usd": 4.277137914563284, "volume_24h_usd": 102564.58006152154, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 1.6044535320026028 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 13188155.089257939, "price_usd": 4285.03, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.24424293790150653 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8944198.139551122, "price_usd": 5.590123837219451, "volume_24h_usd": 455754.3245109418, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.1656454004363755 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10372628.482993077, "price_usd": 4300.50663590037, "volume_24h_usd": 101.93403191183248, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.19209974687897197 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 6058807.1529347645, "price_usd": 137.7001625666992, "volume_24h_usd": 39639.069034552325, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.11220833006557512 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3308027.632544355, "price_usd": 137.83448468934813, "volume_24h_usd": 910437.9998952, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.061264246755037235 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4854829.652672517, "price_usd": 66.46767375294071, "volume_24h_usd": 11355.101460029402, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.08991082144203123 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 4361765.378482349, "price_usd": 0.0064303069054437965, "volume_24h_usd": 2443.1357426647546, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.08077933443058628 }, { "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": 886014.0432417945, "price_usd": 1.4903516286657603, "volume_24h_usd": 5788.59922394724, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.016408866249960418 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 209047.93681223827, "price_usd": 135.56934942427904, "volume_24h_usd": 271.13818771135163, "missing": false, "point_utc": "2026-09-23T11:00:00.000Z", "stale": true, "weight_pct": 0.0038715409322762594 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 600741.518290895, "price_usd": 4299.045026460023, "volume_24h_usd": 11.096804441592624, "missing": false, "point_utc": "2026-09-23T14:00:00.000Z", "weight_pct": 0.011125655738329335 }, { "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": 103.03, "gmri_ew": 111.19, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5399605492.207189, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 111.19, "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": 133.93, "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": 103.32, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 103.03, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 97.34, "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": 2671145850.467834, "base_price": 4183.561630896118, "today_price": 4288.767469872575, "return_pct": 4.187569510493772 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1865089526.0793474, "base_price": 4192.532749581879, "today_price": 4288.512270609066, "return_pct": -2.103695646523418 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 328511941.56849074, "base_price": 128.4862810930633, "today_price": 137.66998140754936, "return_pct": 7.147611586511893 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 240383912.3346622, "base_price": 66.49648339812154, "today_price": 64.58523617795304, "return_pct": -2.8742079618341076 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 86634161.03392477, "base_price": 4.195308142410139, "today_price": 4.277137914563284, "return_pct": 251.38080860147488 }, { "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": 70541359.42057297, "base_price": 4149.36353844632, "today_price": 4277.328982125361, "return_pct": 8.81085582565564 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 13188155.089257939, "base_price": 4203.725, "today_price": 4285.03, "return_pct": 1.9341179549090315 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10372628.482993077, "base_price": 4171.559020523995, "today_price": 4300.50663590037, "return_pct": 55.049661287237164 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8944198.139551122, "base_price": 5.391019455400367, "today_price": 5.590123837219451, "return_pct": 3.693260309413904 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 6058807.1529347645, "base_price": 134.88528771033504, "today_price": 137.7001625666992, "return_pct": 1.85537624766563 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4854829.652672517, "base_price": 67.13630422341475, "today_price": 66.46767375294071, "return_pct": 9.5883354799833 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 4361765.378482349, "base_price": 0.0030392766417300637, "today_price": 0.0064303069054437965, "return_pct": 111.57359672870841 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3308027.632544355, "base_price": 134.78945354543114, "today_price": 137.83448468934813, "return_pct": -37.07132189040151 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 886014.0432417945, "base_price": 1.1757732299433779, "today_price": 1.4903516286657603, "return_pct": 26.776347922291333 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 600741.518290895, "base_price": 3791.0328342676444, "today_price": 4299.045026460023, "return_pct": 702.7268684442068 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 209047.93681223827, "base_price": 125.26996566581191, "today_price": 135.56934942427904, "return_pct": 8.221750284456242 } ], "date": "2026-09-23", "fetched_at": "2026-09-23T14:00:00.000Z", "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 } }