{
  "snapshot": {
    "date": "2026-10-29",
    "fetched_at": "2026-10-29T15:00:00.000Z",
    "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": 5880146861.757965,
    "constituents_count": 21,
    "missing_count": 4,
    "constituents": [
      {
        "id": "tether-gold",
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        "name": "Tether Gold",
        "metal": "gold",
        "market_cap_usd": 3253395507.0052276,
        "price_usd": 4021.5291750517895,
        "volume_24h_usd": 205102039.1593266,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 55.32847365027499
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        "id": "pax-gold",
        "symbol": "PAXG",
        "name": "PAX Gold",
        "metal": "gold",
        "market_cap_usd": 1797081266.6508427,
        "price_usd": 4028.202571581483,
        "volume_24h_usd": 108379210.19879642,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 30.561843248139148
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        "id": "kinesis-gold",
        "symbol": "KAU",
        "name": "Kinesis Gold",
        "metal": "gold",
        "market_cap_usd": 354777023.3180237,
        "price_usd": 129.54543379281816,
        "volume_24h_usd": 232084.3454053426,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 6.033472150591105
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        "id": "kinesis-silver",
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        "name": "Kinesis Silver",
        "metal": "silver",
        "market_cap_usd": 194989555.38636988,
        "price_usd": 53.09969979873977,
        "volume_24h_usd": 198432.6125112185,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 3.3160660774393413
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        "id": "pleasing-gold",
        "symbol": "PGOLD",
        "name": "Pleasing Gold",
        "metal": "gold",
        "market_cap_usd": 78583029.18721907,
        "price_usd": 4028.855471507259,
        "volume_24h_usd": 1.9850728787762262,
        "missing": false,
        "point_utc": "2026-10-25T06:00:00.000Z",
        "stale": true,
        "weight_pct": 1.336412695714974
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        "id": "matrixdock-gold",
        "symbol": "XAUM",
        "name": "Matrixdock Gold",
        "metal": "gold",
        "market_cap_usd": 69864052.97446759,
        "price_usd": 4024.4470470108668,
        "volume_24h_usd": 510366.268788106,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 1.1881344908038673
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        "id": "goldfish-gold",
        "symbol": "GGBR",
        "name": "Goldfish Gold",
        "metal": "gold",
        "market_cap_usd": 82213499.92826751,
        "price_usd": 4.033449959576638,
        "volume_24h_usd": 132201.6387539478,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 1.398153853315297
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      {
        "id": "streamex-gldy",
        "symbol": "GLDY",
        "name": "Streamex GLDY",
        "metal": "gold",
        "market_cap_usd": 12372141.78256221,
        "price_usd": 4019.895,
        "volume_24h_usd": 0,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.21040531934713202
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      {
        "id": "uranium",
        "symbol": "XU3O8",
        "name": "Uranium³O₈",
        "metal": "uranium",
        "market_cap_usd": 9223077.485347847,
        "price_usd": 5.764423428342404,
        "volume_24h_usd": 571949.6367150674,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.1568511416837378
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      {
        "id": "gold-token-sa-dgld-tokenized-gold",
        "symbol": "DGLD",
        "name": "Gold Token SA DGLD",
        "metal": "gold",
        "market_cap_usd": 9727759.52295227,
        "price_usd": 4033.143040791503,
        "volume_24h_usd": 6040.133023031358,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.16543395516560278
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        "id": "vnx-gold",
        "symbol": "VNXAU",
        "name": "VNX Gold",
        "metal": "gold",
        "market_cap_usd": 5700935.550895497,
        "price_usd": 129.56671706580676,
        "volume_24h_usd": 3832.3167281457772,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.09695226471250261
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      {
        "id": "comtech-gold",
        "symbol": "CGO",
        "name": "Comtech Gold",
        "metal": "gold",
        "market_cap_usd": 3103658.172208509,
        "price_usd": 129.31909050868788,
        "volume_24h_usd": 860688.3172215944,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.05278198393977901
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      {
        "id": "matrixdock-silver",
        "symbol": "XAGM",
        "name": "Matrixdock Silver",
        "metal": "silver",
        "market_cap_usd": 3993451.878203201,
        "price_usd": 54.658312116902685,
        "volume_24h_usd": 9327.824208130289,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.0679141520116607
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      {
        "id": "gold-dao",
        "symbol": "GOLDAO",
        "name": "Gold DAO",
        "metal": "gold",
        "market_cap_usd": 3619845.910669484,
        "price_usd": 0.005336536502135168,
        "volume_24h_usd": 390.77434300215447,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.06156046771912212
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      {
        "id": "kinka",
        "symbol": "XNK",
        "name": "Kinka",
        "metal": "gold",
        "market_cap_usd": 0,
        "price_usd": 0,
        "volume_24h_usd": 0,
        "missing": true,
        "weight_pct": 0
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      {
        "id": "gold-token",
        "symbol": "GLDT",
        "name": "Gold Token",
        "metal": "gold",
        "market_cap_usd": 773342.2770188225,
        "price_usd": 1.3032394287475944,
        "volume_24h_usd": 2581.821307037548,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.013151751056564926
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      {
        "id": "gold-fgld-finest-tokenized-gold",
        "symbol": "FGLD",
        "name": "fGLD",
        "metal": "gold",
        "market_cap_usd": 172804.0879769682,
        "price_usd": 112.06490789686654,
        "volume_24h_usd": 1120.6490789686654,
        "missing": false,
        "point_utc": "2026-10-29T15:00:00.000Z",
        "weight_pct": 0.0029387716334232108
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      {
        "id": "tenbin-gold",
        "symbol": "TGLD",
        "name": "Tenbin Gold",
        "metal": "gold",
        "market_cap_usd": 555910.6397127012,
        "price_usd": 4032.012843188149,
        "volume_24h_usd": 20.388786712619517,
        "missing": false,
        "point_utc": "2026-10-29T14:00:00.000Z",
        "stale": true,
        "weight_pct": 0.009454026451756048
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      {
        "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
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    ]
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  "index": {
    "gmri": 112.2,
    "gmri_ew": 101.04,
    "base_total_mcap": 5240685620.611613,
    "today_total_mcap": 5880146861.757965,
    "active_constituents": 17,
    "universe_size": 21,
    "family": {
      "live": {
        "TS-GMRI-EW": {
          "code": "TS-GMRI-EW",
          "name": "TS-GMRI Equal-Weighted",
          "n": 17,
          "value": 101.04,
          "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": 133.89,
          "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": 113.89,
          "notes": "Subset: tokens backed by physical gold."
        },
        "TS-GMRI-PRE": {
          "code": "TS-GMRI-PRE",
          "name": "TS-GMRI Precious",
          "n": 16,
          "value": 112.21,
          "notes": "Subset: gold + silver + platinum + palladium."
        },
        "TS-GMRI-AG": {
          "code": "TS-GMRI-AG",
          "name": "TS-GMRI Silver",
          "n": 2,
          "value": 78.98,
          "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": 3253395507.0052276,
        "base_price": 4183.561630896118,
        "today_price": 4021.5291750517895,
        "return_pct": 26.898113958048377
      },
      {
        "symbol": "PAXG",
        "metal": "gold",
        "base_mcap": 1905168472.2898455,
        "today_mcap": 1797081266.6508427,
        "base_price": 4192.532749581879,
        "today_price": 4028.202571581483,
        "return_pct": -5.673367327409706
      },
      {
        "symbol": "KAU",
        "metal": "gold",
        "base_mcap": 306597540.25711286,
        "today_mcap": 354777023.3180237,
        "base_price": 128.4862810930633,
        "today_price": 129.54543379281816,
        "return_pct": 15.714243180329323
      },
      {
        "symbol": "KAG",
        "metal": "silver",
        "base_mcap": 247497505.33844045,
        "today_mcap": 194989555.38636988,
        "base_price": 66.49648339812154,
        "today_price": 53.09969979873977,
        "return_pct": -21.215547154816193
      },
      {
        "symbol": "GGBR",
        "metal": "gold",
        "base_mcap": 24655347.962438818,
        "today_mcap": 82213499.92826751,
        "base_price": 4.195308142410139,
        "today_price": 4.033449959576638,
        "return_pct": 233.45098212978232
      },
      {
        "symbol": "PGOLD",
        "metal": "gold",
        "base_mcap": 81234682.94380227,
        "today_mcap": 78583029.18721907,
        "base_price": 4164.802505571079,
        "today_price": 4028.855471507259,
        "return_pct": -3.264189211420443
      },
      {
        "symbol": "XAUM",
        "metal": "gold",
        "base_mcap": 64829339.761465766,
        "today_mcap": 69864052.97446759,
        "base_price": 4149.36353844632,
        "today_price": 4024.4470470108668,
        "return_pct": 7.766102865657176
      },
      {
        "symbol": "GLDY",
        "metal": "gold",
        "base_mcap": 12937920.44690255,
        "today_mcap": 12372141.78256221,
        "base_price": 4203.725,
        "today_price": 4019.895,
        "return_pct": -4.373026304051775
      },
      {
        "symbol": "DGLD",
        "metal": "gold",
        "base_mcap": 6689874.9709470635,
        "today_mcap": 9727759.52295227,
        "base_price": 4171.559020523995,
        "today_price": 4033.143040791503,
        "return_pct": 45.410184273969215
      },
      {
        "symbol": "XU3O8",
        "metal": "uranium",
        "base_mcap": 8625631.128640588,
        "today_mcap": 9223077.485347847,
        "base_price": 5.391019455400367,
        "today_price": 5.764423428342404,
        "return_pct": 6.926407445404137
      },
      {
        "symbol": "VNXAU",
        "metal": "gold",
        "base_mcap": 5948441.188025775,
        "today_mcap": 5700935.550895497,
        "base_price": 134.88528771033504,
        "today_price": 129.56671706580676,
        "return_pct": -4.160848688031205
      },
      {
        "symbol": "XAGM",
        "metal": "silver",
        "base_mcap": 4430060.58209477,
        "today_mcap": 3993451.878203201,
        "base_price": 67.13630422341475,
        "today_price": 54.658312116902685,
        "return_pct": -9.855592170821215
      },
      {
        "symbol": "GOLDAO",
        "metal": "gold",
        "base_mcap": 2061583.0358431968,
        "today_mcap": 3619845.910669484,
        "base_price": 0.0030392766417300637,
        "today_price": 0.005336536502135168,
        "return_pct": 75.58574395180501
      },
      {
        "symbol": "CGO",
        "metal": "gold",
        "base_mcap": 5256788.688271815,
        "today_mcap": 3103658.172208509,
        "base_price": 134.78945354543114,
        "today_price": 129.31909050868788,
        "return_pct": -40.95904636355383
      },
      {
        "symbol": "GLDT",
        "metal": "gold",
        "base_mcap": 698879.6078783438,
        "today_mcap": 773342.2770188225,
        "base_price": 1.1757732299433779,
        "today_price": 1.3032394287475944,
        "return_pct": 10.654577455269054
      },
      {
        "symbol": "TGLD",
        "metal": "gold",
        "base_mcap": 74837.59942596829,
        "today_mcap": 555910.6397127012,
        "base_price": 3791.0328342676444,
        "today_price": 4032.012843188149,
        "return_pct": 642.8226506151169
      },
      {
        "symbol": "FGLD",
        "metal": "gold",
        "base_mcap": 193166.28705668196,
        "today_mcap": 172804.0879769682,
        "base_price": 125.26996566581191,
        "today_price": 112.06490789686654,
        "return_pct": -10.541279945883497
      }
    ],
    "date": "2026-10-29",
    "fetched_at": "2026-10-29T15:00:00.000Z",
    "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
  }
}