{ "snapshot": { "date": "2026-09-28", "fetched_at": "2026-09-28T14:00:00.000Z", "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": 5515095361.173475, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 2868025540.42155, "price_usd": 4160.634433336261, "volume_24h_usd": 300793502.5797656, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 52.00319038203004 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1811959863.758126, "price_usd": 4166.395949964732, "volume_24h_usd": 187972352.576778, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 32.854551827234154 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 319399063.08416903, "price_usd": 133.8510340489972, "volume_24h_usd": 141081.69741969332, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 5.791360659559092 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 229458789.80084798, "price_usd": 61.64992485754683, "volume_24h_usd": 865072.1566909918, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 4.160558880200846 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 81979991.57776734, "price_usd": 4203.013564612312, "volume_24h_usd": 38.509323191137234, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 1.4864655315828308 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 68483500.45299764, "price_usd": 4152.549146799698, "volume_24h_usd": 528276.4052715191, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 1.2417464425932618 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 84172452.68899177, "price_usd": 4.155603106918679, "volume_24h_usd": 119986.4150304759, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 1.5262193520998695 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 12778371.04822223, "price_usd": 4151.885, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.2316980978820883 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8858053.198697379, "price_usd": 5.536283249185861, "volume_24h_usd": 499437.95388573135, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.16061468784490074 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 10043815.492917445, "price_usd": 4164.180298934866, "volume_24h_usd": 1847.125803109842, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.18211499231049325 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 5902818.46862367, "price_usd": 134.1549651959925, "volume_24h_usd": 36813.00427326334, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.10703021583597236 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3202275.3139093, "price_usd": 133.42813807955417, "volume_24h_usd": 870877.2868013654, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.058063824905974705 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4641773.851800416, "price_usd": 63.54810221954491, "volume_24h_usd": 15560.827700099038, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.08416488832593388 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 4577056.592714338, "price_usd": 0.006747698709319095, "volume_24h_usd": 609.450127531377, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.08299143157046796 }, { "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": 811159.848803342, "price_usd": 1.3644406816609085, "volume_24h_usd": 2237.836204440029, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.014707993165701986 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 203834.56142356983, "price_usd": 132.18843153279497, "volume_24h_usd": 1057.5074522623597, "missing": false, "point_utc": "2026-09-28T14:00:00.000Z", "weight_pct": 0.0036959390196328154 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 597001.0119144353, "price_usd": 4272.277099082687, "volume_24h_usd": 2.1983751683406396, "missing": false, "point_utc": "2026-09-27T07:00:00.000Z", "stale": true, "weight_pct": 0.010824853838745017 }, { "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": 105.24, "gmri_ew": 108.61, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5515095361.173475, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 108.61, "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": 132.26, "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": 105.86, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 105.24, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 92.92, "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": 2868025540.42155, "base_price": 4183.561630896118, "today_price": 4160.634433336261, "return_pct": 11.866826851931943 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1811959863.758126, "base_price": 4192.532749581879, "today_price": 4166.395949964732, "return_pct": -4.892407673516185 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 319399063.08416903, "base_price": 128.4862810930633, "today_price": 133.8510340489972, "return_pct": 4.175350792547383 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 229458789.80084798, "base_price": 66.49648339812154, "today_price": 61.64992485754683, "return_pct": -7.288443377611198 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 84172452.68899177, "base_price": 4.195308142410139, "today_price": 4.155603106918679, "return_pct": 241.39632836342147 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 81979991.57776734, "base_price": 4164.802505571079, "today_price": 4203.013564612312, "return_pct": 0.9174758944780814 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 68483500.45299764, "base_price": 4149.36353844632, "today_price": 4152.549146799698, "return_pct": 5.636584770070252 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 12778371.04822223, "base_price": 4203.725, "today_price": 4151.885, "return_pct": -1.2331919904370547 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 10043815.492917445, "base_price": 4171.559020523995, "today_price": 4164.180298934866, "return_pct": 50.13457705167805 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8858053.198697379, "base_price": 5.391019455400367, "today_price": 5.536283249185861, "return_pct": 2.694551466327555 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 5902818.46862367, "base_price": 134.88528771033504, "today_price": 134.1549651959925, "return_pct": -0.7669693279298784 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4641773.851800416, "base_price": 67.13630422341475, "today_price": 63.54810221954491, "return_pct": 4.77901522523958 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 4577056.592714338, "base_price": 0.0030392766417300637, "today_price": 0.006747698709319095, "return_pct": 122.01660147258151 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3202275.3139093, "base_price": 134.78945354543114, "today_price": 133.42813807955417, "return_pct": -39.083050436214926 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 811159.848803342, "base_price": 1.1757732299433779, "today_price": 1.3644406816609085, "return_pct": 16.06574861525265 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 597001.0119144353, "base_price": 3791.0328342676444, "today_price": 4272.277099082687, "return_pct": 697.7287038783326 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 203834.56142356983, "base_price": 125.26996566581191, "today_price": 132.18843153279497, "return_pct": 5.522844865655774 } ], "date": "2026-09-28", "fetched_at": "2026-09-28T14:00:00.000Z", "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 } }