{ "snapshot": { "date": "2026-09-25", "fetched_at": "2026-09-25T14:00:00.000Z", "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": 5382411921.145158, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2661838399.464176, "price_usd": 4273.823511239642, "volume_24h_usd": 216892477.75389227, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 49.45437916052039 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1857128011.9134815, "price_usd": 4270.254977587763, "volume_24h_usd": 161359809.98478413, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 34.50363961586873 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 329777457.88375056, "price_usd": 138.20032318678858, "volume_24h_usd": 164746.91124109112, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 6.126945739477839 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 239322848.28003213, "price_usd": 64.30015440229405, "volume_24h_usd": 504091.99861504795, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 4.446386708899715 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 83954185.73252502, "price_usd": 4304.228076250236, "volume_24h_usd": 1.1813159473550958, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 1.5597874514714398 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 70412292.68421419, "price_usd": 4269.502922398268, "volume_24h_usd": 602736.8364669577, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 1.3081921955396034 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 86956695.07159697, "price_usd": 4.2930614549404424, "volume_24h_usd": 103522.57275340885, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 1.6155711667102601 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 13192879.40112087, "price_usd": 4286.565, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.24511092042754623 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8924085.35744698, "price_usd": 5.577553348404362, "volume_24h_usd": 489521.4053810591, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.1658008619219225 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10304374.220726563, "price_usd": 4272.208320937399, "volume_24h_usd": 54.5485345442368, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.1914452920306072 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 6058234.091405753, "price_usd": 137.68713844103985, "volume_24h_usd": 16790.3191761436, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.11255612131070057 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3301832.496271448, "price_usd": 137.57635401131034, "volume_24h_usd": 908512.9563949582, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.06134484957013384 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4844302.256957078, "price_usd": 66.32245075335214, "volume_24h_usd": 16490.236000077544, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.09000244366147302 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 4735636.665588722, "price_usd": 0.006981484447245405, "volume_24h_usd": 2227.466571873016, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.08798354222917171 }, { "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": 846556.0236243686, "price_usd": 1.423979854708778, "volume_24h_usd": 3714.5958676436194, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.015728190930512358 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 213300.33742696876, "price_usd": 138.3270670732612, "volume_24h_usd": 553.2184680807668, "missing": false, "point_utc": "2026-09-25T14:00:00.000Z", "weight_pct": 0.003962913663092273 }, { "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": 0.011162825766842788 }, { "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": 102.7, "gmri_ew": 111.9, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5382411921.145158, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 111.9, "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": 134.1, "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, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 102.7, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 96.92, "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": 2661838399.464176, "base_price": 4183.561630896118, "today_price": 4273.823511239642, "return_pct": 3.824534037069771 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1857128011.9134815, "base_price": 4192.532749581879, "today_price": 4270.254977587763, "return_pct": -2.5215859424034814 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 329777457.88375056, "base_price": 128.4862810930633, "today_price": 138.20032318678858, "return_pct": 7.5603729916420725 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 239322848.28003213, "base_price": 66.49648339812154, "today_price": 64.30015440229405, "return_pct": -3.302925032407855 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 86956695.07159697, "base_price": 4.195308142410139, "today_price": 4.2930614549404424, "return_pct": 252.68897930003305 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 83954185.73252502, "base_price": 4164.802505571079, "today_price": 4304.228076250236, "return_pct": 3.3477114579299805 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 70412292.68421419, "base_price": 4149.36353844632, "today_price": 4269.502922398268, "return_pct": 8.611768904774353 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 13192879.40112087, "base_price": 4203.725, "today_price": 4286.565, "return_pct": 1.9706331884221662 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10304374.220726563, "base_price": 4171.559020523995, "today_price": 4272.208320937399, "return_pct": 54.029399136405786 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8924085.35744698, "base_price": 5.391019455400367, "today_price": 5.577553348404362, "return_pct": 3.4600856952414993 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 6058234.091405753, "base_price": 134.88528771033504, "today_price": 137.68713844103985, "return_pct": 1.8457424375480258 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4844302.256957078, "base_price": 67.13630422341475, "today_price": 66.32245075335214, "return_pct": 9.35070000027929 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 4735636.665588722, "base_price": 0.0030392766417300637, "today_price": 0.006981484447245405, "return_pct": 129.70875212173178 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3301832.496271448, "base_price": 134.78945354543114, "today_price": 137.57635401131034, "return_pct": -37.18917209592202 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 846556.0236243686, "base_price": 1.1757732299433779, "today_price": 1.423979854708778, "return_pct": 21.13045137979348 }, { "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": 213300.33742696876, "base_price": 125.26996566581191, "today_price": 138.3270670732612, "return_pct": 10.423169941853638 } ], "date": "2026-09-25", "fetched_at": "2026-09-25T14:00:00.000Z", "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 } }