{ "snapshot": { "date": "2026-10-23", "fetched_at": "2026-10-23T14:00:00.000Z", "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": 5870745668.511035, "constituents_count": 21, "missing_count": 4, "constituents": [ { "id": "tether-gold", "symbol": "XAUT", "name": "Tether Gold", "metal": "gold", "market_cap_usd": 3254015640.4954534, "price_usd": 4022.295723391209, "volume_24h_usd": 350325492.36190623, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 55.42763771813593 }, { "id": "pax-gold", "symbol": "PAXG", "name": "PAX Gold", "metal": "gold", "market_cap_usd": 1784421733.7928798, "price_usd": 4032.8073911242896, "volume_24h_usd": 179404580.91720408, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 30.39514628208128 }, { "id": "kinesis-gold", "symbol": "KAU", "name": "Kinesis Gold", "metal": "gold", "market_cap_usd": 354794031.7002764, "price_usd": 129.551644336659, "volume_24h_usd": 152620.66585040177, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 6.043423642132684 }, { "id": "kinesis-silver", "symbol": "KAG", "name": "Kinesis Silver", "metal": "silver", "market_cap_usd": 198660409.0457369, "price_usd": 54.099349379617365, "volume_24h_usd": 870362.8672893727, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 3.3839041965536563 }, { "id": "pleasing-gold", "symbol": "PGOLD", "name": "Pleasing Gold", "metal": "gold", "market_cap_usd": 79152673.92099993, "price_usd": 4058.060457955931, "volume_24h_usd": 22.226396522534905, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 1.3482558841809782 }, { "id": "matrixdock-gold", "symbol": "XAUM", "name": "Matrixdock Gold", "metal": "gold", "market_cap_usd": 68321416.20468198, "price_usd": 4017.421432344515, "volume_24h_usd": 398064.59710783657, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 1.1637604499056755 }, { "id": "goldfish-gold", "symbol": "GGBR", "name": "Goldfish Gold", "metal": "gold", "market_cap_usd": 81786985.29055262, "price_usd": 4.012544548543354, "volume_24h_usd": 131397.95244851563, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 1.3931277202014407 }, { "id": "streamex-gldy", "symbol": "GLDY", "name": "Streamex GLDY", "metal": "gold", "market_cap_usd": 12395932.61689475, "price_usd": 4027.625, "volume_24h_usd": 0, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.21114749840693853 }, { "id": "uranium", "symbol": "XU3O8", "name": "Uranium³O₈", "metal": "uranium", "market_cap_usd": 8995998.99691292, "price_usd": 5.622499373070576, "volume_24h_usd": 660300.6629769237, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.15323435053854967 }, { "id": "gold-token-sa-dgld-tokenized-gold", "symbol": "DGLD", "name": "Gold Token SA DGLD", "metal": "gold", "market_cap_usd": 9716048.517933985, "price_usd": 4028.2876413258064, "volume_24h_usd": 19317.007178212487, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.16549939422598448 }, { "id": "vnx-gold", "symbol": "VNXAU", "name": "VNX Gold", "metal": "gold", "market_cap_usd": 5712882.366332016, "price_usd": 129.8382355984549, "volume_24h_usd": 23559.46340036487, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.09731101786565628 }, { "id": "comtech-gold", "symbol": "CGO", "name": "Comtech Gold", "metal": "gold", "market_cap_usd": 3103073.6134231263, "price_usd": 129.29473389263026, "volume_24h_usd": 863918.9669701802, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.05285654989394459 }, { "id": "matrixdock-silver", "symbol": "XAGM", "name": "Matrixdock Silver", "metal": "silver", "market_cap_usd": 4104105.3283284553, "price_usd": 56.17559941782621, "volume_24h_usd": 16524.553623754833, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.0699077350657801 }, { "id": "gold-dao", "symbol": "GOLDAO", "name": "Gold DAO", "metal": "gold", "market_cap_usd": 4027502.1460631667, "price_usd": 0.005937521304855415, "volume_24h_usd": 273.6310887178883, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.06860290623157994 }, { "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": 773635.5171316683, "price_usd": 1.303733598132235, "volume_24h_usd": 1889.5774298846516, "missing": false, "point_utc": "2026-10-23T14:00:00.000Z", "weight_pct": 0.013177806718509766 }, { "id": "gold-fgld-finest-tokenized-gold", "symbol": "FGLD", "name": "fGLD", "metal": "gold", "market_cap_usd": 194323.87937223748, "price_usd": 126.02067404165855, "volume_24h_usd": 251.98769888268356, "missing": false, "point_utc": "2026-10-23T01:00:00.000Z", "stale": true, "weight_pct": 0.003310037435526019 }, { "id": "tenbin-gold", "symbol": "TGLD", "name": "Tenbin Gold", "metal": "gold", "market_cap_usd": 569275.0780621729, "price_usd": 4073.1804876553156, "volume_24h_usd": 25.24900746969019, "missing": false, "point_utc": "2026-10-23T03:00:00.000Z", "stale": true, "weight_pct": 0.009696810425898674 }, { "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": 112.02, "gmri_ew": 103.01, "base_total_mcap": 5240685620.611613, "today_total_mcap": 5870745668.511035, "active_constituents": 17, "universe_size": 21, "family": { "live": { "TS-GMRI-EW": { "code": "TS-GMRI-EW", "name": "TS-GMRI Equal-Weighted", "n": 17, "value": 103.01, "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": 133.59, "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": 113.63, "notes": "Subset: tokens backed by physical gold." }, "TS-GMRI-PRE": { "code": "TS-GMRI-PRE", "name": "TS-GMRI Precious", "n": 16, "value": 112.04, "notes": "Subset: gold + silver + platinum + palladium." }, "TS-GMRI-AG": { "code": "TS-GMRI-AG", "name": "TS-GMRI Silver", "n": 2, "value": 80.49, "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": 3254015640.4954534, "base_price": 4183.561630896118, "today_price": 4022.295723391209, "return_pct": 26.922302154700905 }, { "symbol": "PAXG", "metal": "gold", "base_mcap": 1905168472.2898455, "today_mcap": 1784421733.7928798, "base_price": 4192.532749581879, "today_price": 4032.8073911242896, "return_pct": -6.337850969780046 }, { "symbol": "KAU", "metal": "gold", "base_mcap": 306597540.25711286, "today_mcap": 354794031.7002764, "base_price": 128.4862810930633, "today_price": 129.551644336659, "return_pct": 15.719790642399122 }, { "symbol": "KAG", "metal": "silver", "base_mcap": 247497505.33844045, "today_mcap": 198660409.0457369, "base_price": 66.49648339812154, "today_price": 54.099349379617365, "return_pct": -19.732359009405474 }, { "symbol": "GGBR", "metal": "gold", "base_mcap": 24655347.962438818, "today_mcap": 81786985.29055262, "base_price": 4.195308142410139, "today_price": 4.012544548543354, "return_pct": 231.72107493737656 }, { "symbol": "PGOLD", "metal": "gold", "base_mcap": 81234682.94380227, "today_mcap": 79152673.92099993, "base_price": 4164.802505571079, "today_price": 4058.060457955931, "return_pct": -2.562955805764222 }, { "symbol": "XAUM", "metal": "gold", "base_mcap": 64829339.761465766, "today_mcap": 68321416.20468198, "base_price": 4149.36353844632, "today_price": 4017.421432344515, "return_pct": 5.3865679583735115 }, { "symbol": "GLDY", "metal": "gold", "base_mcap": 12937920.44690255, "today_mcap": 12395932.61689475, "base_price": 4203.725, "today_price": 4027.625, "return_pct": -4.189141773070315 }, { "symbol": "DGLD", "metal": "gold", "base_mcap": 6689874.9709470635, "today_mcap": 9716048.517933985, "base_price": 4171.559020523995, "today_price": 4028.2876413258064, "return_pct": 45.23512861046066 }, { "symbol": "XU3O8", "metal": "uranium", "base_mcap": 8625631.128640588, "today_mcap": 8995998.99691292, "base_price": 5.391019455400367, "today_price": 5.622499373070576, "return_pct": 4.293806015452728 }, { "symbol": "VNXAU", "metal": "gold", "base_mcap": 5948441.188025775, "today_mcap": 5712882.366332016, "base_price": 134.88528771033504, "today_price": 129.8382355984549, "return_pct": -3.960009257012409 }, { "symbol": "XAGM", "metal": "silver", "base_mcap": 4430060.58209477, "today_mcap": 4104105.3283284553, "base_price": 67.13630422341475, "today_price": 56.17559941782621, "return_pct": -7.357805784502059 }, { "symbol": "GOLDAO", "metal": "gold", "base_mcap": 2061583.0358431968, "today_mcap": 4027502.1460631667, "base_price": 0.0030392766417300637, "today_price": 0.005937521304855415, "return_pct": 95.35968602961947 }, { "symbol": "CGO", "metal": "gold", "base_mcap": 5256788.688271815, "today_mcap": 3103073.6134231263, "base_price": 134.78945354543114, "today_price": 129.29473389263026, "return_pct": -40.970166437424915 }, { "symbol": "GLDT", "metal": "gold", "base_mcap": 698879.6078783438, "today_mcap": 773635.5171316683, "base_price": 1.1757732299433779, "today_price": 1.303733598132235, "return_pct": 10.696536057228535 }, { "symbol": "TGLD", "metal": "gold", "base_mcap": 74837.59942596829, "today_mcap": 569275.0780621729, "base_price": 3791.0328342676444, "today_price": 4073.1804876553156, "return_pct": 660.6805702330387 }, { "symbol": "FGLD", "metal": "gold", "base_mcap": 193166.28705668196, "today_mcap": 194323.87937223748, "base_price": 125.26996566581191, "today_price": 126.02067404165855, "return_pct": 0.5992724368180546 } ], "date": "2026-10-23", "fetched_at": "2026-10-23T14:00:00.000Z", "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 } }