↳ SPOT PRICE · XAUUSD · Troy oz
$3,085.40
↳ PHYSICAL MARKET · GLOBAL
World Reserves
36,700 t
Annual Mining
3,644 t/yr
Market Cap
$17.8 T
YoY Price Chg
+38.2 %
Recycled Gold
1,237 t/yr
Jewellery Demand
2,092 t/yr
↳ DIGITAL GOLD LAYER · TOKENIZED + SYNTHETIC
PAXG Price
$3,079 PAXG
XAUT Price
$3,081 XAUT
Gold ETF AUM
$312 B
ETF Holdings
3,108 t
BTC / Gold Ratio
29.4 ×
Token Supply
84.2 t eq.
Central Bank Gold Reserves Q4 2025
| Country | Tonnes | Share | % of Reserves |
|---|---|---|---|
| 🇺🇸United States | 8,133.5 | 71.4% | |
| 🇩🇪Germany | 3,352.3 | 68.1% | |
| 🇮🇹Italy | 2,451.8 | 64.7% | |
| 🇫🇷France | 2,436.8 | 66.9% | |
| 🇷🇺Russia | 2,332.7 | 27.0% | |
| 🇨🇳China | 2,279.6 | 4.9% | |
| 🇨🇭Switzerland | 1,040.0 | 8.1% | |
| 🇯🇵Japan | 845.9 | 4.1% | |
| 🇮🇳India | 821.1 | 8.7% | |
| 🇳🇱Netherlands | 612.4 | 58.8% |
Top Gold Mining Nations tonnes / year
| Country | Output (t) | Share | YoY |
|---|---|---|---|
| 🇨🇳China | 390 | -1.2% | |
| 🇦🇺Australia | 310 | +3.1% | |
| 🇷🇺Russia | 295 | +1.8% | |
| 🇨🇦Canada | 220 | +5.4% | |
| 🇺🇸USA | 173 | -2.1% | |
| 🇰🇿Kazakhstan | 132 | +7.2% |
12-Month Price History · XAUUSD
MAR '25JUN '25SEP '25DEC '25MAR '26
Digital Gold Layer
Tokenized · ETF · Synthetic · Futures
PAX Gold
PAXG · ERC-20
$3,079.15
▲ +0.78%
92,400 tokens · 1 oz/token
Tether Gold
XAUT · ERC-20
$3,081.40
▲ +0.81%
246,800 tokens · 1 oz/token
SPDR GLD ETF
GLD · NYSE ARCA
$284.60
▲ +0.79%
AUM: $78.4B · 859t holdings
iShares IAU
IAU · NASDAQ
$46.12
▲ +0.82%
AUM: $41.2B · 447t holdings
Gold Futures
GC1! · COMEX
$3,092.30
▲ +0.71%
Open int: 412,800 contracts
Demand by Sector · 2025
Jewellery 42%
Investment 26%
Central Banks 21%
Technology 7%
Other 4%
Trade Flows · Major Routes
→
🇨🇳 China imports
1,411t
→
🇮🇳 India imports
800t
←
🇨🇭 Switzerland hub
2,400t
→
🇦🇪 UAE re-export
600t
←
🇦🇺 Australia exports
310t
←
🇿🇦 South Africa exports
118t
Market Signals
Gold/Silver Ratio
88.2 :1
Historical avg: ~60 · Elevated
Real Interest Rate
+1.42%
Fed Funds 4.25% – CPI 2.83%
Sentiment Gauge
BULLISH
Macro Correlations
USD · BTC · Oil · Yields · Equities
DXY (USD Index)
101.84 pts
▼ -0.31% · Inverse correlation
Bitcoin (BTC)
$90,740
▲ +2.14% · 0.68 corr (30d)
US 10Y Yield
4.31%
▲ +0.04bp · Mild headwind
Brent Crude
$79.40/bbl
▼ -0.62% · Soft corr
World Gold Map
Reserves · Mining · Flows · Click to Explore
Global Gold ETF Flows · YTD 2026
| Fund | Holdings (t) | AUM (USD) | Flow MTD |
|---|---|---|---|
| SPDR GLD (US) | 858.6 | $78.4B | +12.4t |
| iShares IAU (US) | 447.1 | $41.2B | +6.1t |
| iShares Physical (UK) | 318.2 | $29.4B | +4.2t |
| Invesco Optimum (US) | 184.6 | $17.1B | -1.8t |
| Xtrackers (DE) | 160.4 | $14.8B | +3.1t |
| WisdomTree (EU) | 148.7 | $13.7B | +2.2t |
| Huaan Yifu (CN) | 92.4 | $8.5B | +7.9t |
| Total (All Funds) | 3,108.2 | $286.6B | +34.1t |
Market Catalysts · 2026
FED POLICY
Fed holds rates at 4.25% — markets pricing 2 cuts in H2 2026. Gold benefits from rate cut expectations.
CENTRAL BANK BUYING
EM central banks adding 80t+ per quarter. China, India, Turkey lead de-dollarization gold purchases.
GEOPOLITICAL RISK
Middle East tensions + US-China trade friction sustaining safe haven premium of ~$120/oz vs fundamentals.
DIGITAL INTEGRATION
Tokenized gold (PAXG, XAUT) growing 40% YoY. DeFi protocols integrating gold as collateral layer.
MALAYSIA / SEA WATCH
Bank Negara holds 38.9t reserves. Maybank gold savings accounts up 28% YoY. Regional demand robust.