{ "snapshot": { "date": "2026-09-24", "fetched_at": "2026-09-24T14:00:00.000Z", "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": 5367986399.96082, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2657410135.623651, "price_usd": 4266.713531114847, "volume_24h_usd": 212202743.40499142, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 49.50478517685974 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1853666547.4291773, "price_usd": 4262.246730310238, "volume_24h_usd": 223355205.9324509, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 34.53187860987701 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 327279655.27990127, "price_usd": 137.15356538434818, "volume_24h_usd": 137818.4298648255, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 6.096879367695306 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 236078770.60404137, "price_usd": 63.42855063792984, "volume_24h_usd": 108280.59098878161, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 4.397901801796004 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 84000948.52557118, "price_usd": 4306.625547263706, "volume_24h_usd": 8.57474460374508, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 1.564850248618072 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 70199414.8105863, "price_usd": 4256.59491061623, "volume_24h_usd": 459521.84343319765, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 1.3077420391955292 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 86682194.35115121, "price_usd": 4.2795093246377816, "volume_24h_usd": 90990.85472968, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 1.6147990678922715 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 13122199.386832802, "price_usd": 4263.6, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.24445291789354343 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8906985.944516852, "price_usd": 5.566866215323032, "volume_24h_usd": 461363.79411313124, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.16592787836761028 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10310167.641041573, "price_usd": 4274.610281303579, "volume_24h_usd": 486.9065334077687, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.1920676930388055 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 6045565.090025483, "price_usd": 137.39920659148825, "volume_24h_usd": 21753.722473357597, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.11262258581857822 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3293760.2448927853, "price_usd": 137.24001020386606, "volume_24h_usd": 872887.6071025963, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.06135932544309027 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4809412.482169377, "price_usd": 65.84532336225334, "volume_24h_usd": 29078.044687314952, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.0895943492368848 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 4530797.602485088, "price_usd": 0.006679501665576797, "volume_24h_usd": 589.7188090004929, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.08440404399158234 }, { "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": 848122.6190361833, "price_usd": 1.426615002583992, "volume_24h_usd": 4199.015601768316, "missing": false, "point_utc": "2026-09-24T14:00:00.000Z", "weight_pct": 0.01579964172491893 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 200893.0609292368, "price_usd": 130.28084366357768, "volume_24h_usd": 260.56168732715537, "missing": false, "point_utc": "2026-09-24T11:00:00.000Z", "stale": true, "weight_pct": 0.0037424286494224922 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 600829.2648112096, "price_usd": 4299.672960821578, "volume_24h_usd": 11.098425281748856, "missing": false, "point_utc": "2026-09-23T22:00:00.000Z", "stale": true, "weight_pct": 0.011192823901632742 }, { "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": 102.43, "gmri_ew": 110.66, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5367986399.96082, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 110.66, "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": 133.55, "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": 102.77, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 102.43, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 95.62, "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": 2657410135.623651, "base_price": 4183.561630896118, "today_price": 4266.713531114847, "return_pct": 3.6518103924156664 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1853666547.4291773, "base_price": 4192.532749581879, "today_price": 4262.246730310238, "return_pct": -2.7032740468756256 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 327279655.27990127, "base_price": 128.4862810930633, "today_price": 137.15356538434818, "return_pct": 6.7456885027337155 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 236078770.60404137, "base_price": 66.49648339812154, "today_price": 63.42855063792984, "return_pct": -4.613676698997238 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 86682194.35115121, "base_price": 4.195308142410139, "today_price": 4.2795093246377816, "return_pct": 251.57562766182485 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 84000948.52557118, "base_price": 4164.802505571079, "today_price": 4306.625547263706, "return_pct": 3.405276516783595 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 70199414.8105863, "base_price": 4149.36353844632, "today_price": 4256.59491061623, "return_pct": 8.283402343567413 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 13122199.386832802, "base_price": 4203.725, "today_price": 4263.6, "return_pct": 1.4243319912696562 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10310167.641041573, "base_price": 4171.559020523995, "today_price": 4274.610281303579, "return_pct": 54.115998965852064 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8906985.944516852, "base_price": 5.391019455400367, "today_price": 5.566866215323032, "return_pct": 3.2618461383312924 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 6045565.090025483, "base_price": 134.88528771033504, "today_price": 137.39920659148825, "return_pct": 1.6327622469432423 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4809412.482169377, "base_price": 67.13630422341475, "today_price": 65.84532336225334, "return_pct": 8.563131204296726 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 4530797.602485088, "base_price": 0.0030392766417300637, "today_price": 0.006679501665576797, "return_pct": 119.77274374650504 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3293760.2448927853, "base_price": 134.78945354543114, "today_price": 137.24001020386606, "return_pct": -37.34273070094398 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 848122.6190361833, "base_price": 1.1757732299433779, "today_price": 1.426615002583992, "return_pct": 21.35460950290293 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 600829.2648112096, "base_price": 3791.0328342676444, "today_price": 4299.672960821578, "return_pct": 702.8441176892222 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 200893.0609292368, "base_price": 125.26996566581191, "today_price": 130.28084366357768, "return_pct": 4.000063360066308 } ], "date": "2026-09-24", "fetched_at": "2026-09-24T14:00:00.000Z", "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 } }