TruePremium™Premium & discount of tokenized gold & silver — live arbitrage signal + daily benchmark
How does the market price PAXG, XAUT, KAU, XAUM, PGOLD, KAG and XAGM versus the underlying physical metal? Premium = a token trades above spot. Discount = below. We publish two views: Live vs live (token spot vs CME/NYMEX futures, near-spot proxy — refreshed every cycle, for real-time arbitrage signal) and Fix vs fix (PAXG settlement from CF Benchmarks PAXGUSD_RR — a UK BMR Registered Benchmark — vs LBMA Gold PM Fix, both @ 15:00 UTC London). The only public tracker that unifies live and regulated daily benchmarks for tokenized metals.
No other public source unifies 7 tokenized gold & silver issuers vs LBMA / LPPM on a single chart. Issuer pages show their own product only; CoinGecko shows price but not premium-vs-spot.
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Independent by design
TrueSource Metals does not issue, custody, or trade any of these tokens. We measure the gap, we don't earn it.
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Primary sources only
Spot → LBMA / LPPM auction fix. Tokens → CoinGecko aggregated CEX/DEX trades. No smoothing, no interpolation. Methodology.
Tokenized gold avg premium
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vs LBMA PM Fix
— gold tokens tracked
Tokenized silver avg premium
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vs LBMA AM Fix
— silver tokens tracked
Combined market cap
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total tracked tokens
24h vol: —
Current snapshot
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Premium / discount history
Daily premium % since June 2025. Tap a token to toggle on/off. Periods unlock as data accumulates.
Arbitrage calculator
Estimates the gross spread between buying physical metal and the equivalent on-chain token at current market prices. Gross only — does not include exchange fees, gas, redemption costs, custody, KYC delays, or slippage.
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Which side you're long.
Troy ounces of metal exposure.
Issuer mint/redeem + trading fee.
Fill in fields above. Result updates live.
Information only — not investment, financial, or arbitrage advice.
Premium / discount figures are derived from third-party market data: Live view uses CoinGecko aggregated CEX/DEX prices vs Yahoo Finance front-month CME/NYMEX futures as a near-spot proxy (futures-vs-spot basis is typically 0.1–0.3% for precious metals). Fix view uses LBMA / LPPM benchmark fixes as the spot anchor; for PAXG only, the token fix is the CF Benchmarks PAXGUSD_RR Settlement Price (UK BMR Registered Benchmark, 15:00 UTC London). For all other tokens the fix is the CoinGecko daily close (00:00 UTC) — a market VWAP, not a regulated benchmark; the ~15h offset from the LBMA 15:00 UTC fix can introduce overnight gold-volatility noise of ~0.3–0.8%. Figures do not include exchange spreads, mint/redemption fees, custody costs, gas/network fees, KYC delays, or settlement risk. Actual executable spreads will differ — often materially. CoinGecko mid prices may diverge from the price a retail buyer pays on any individual venue. PAXG, XAUT, KAU, XAUM, PGOLD, KAG and XAGM are securities or virtual assets subject to issuer credit risk and jurisdiction-specific regulation. Tokenized metals products may not be available in your jurisdiction. Always read primary issuer documentation, check local regulation, and consult a licensed adviser before any investment decision. TrueSource Metals is an independent data and research platform — we do not issue, custody, or broker any of these tokens.