The below PAX Gold price chart tracks the price of PAX Gold against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
PAXGold (PAXG) is a gold-backed cryptocurrency and was launched by the creators of Paxos Standard (PAX) in September 2019. Being an ERC-20 token operating on the Ethereum blockchain, it allows PAXGold to be traded on a variety of exchanges and has become an accessible way for traders to start investing in gold.
The main goal of PAXGold is to make gold investing more accessible as the physical commodity (gold) is not easily divisible or flexible. According to the official whitepaper PAXG was created to allow investors to buy small amounts of gold through cryptocurrency and thus eliminating the physical limits for buying the commodity.
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Quickly compare the past seven days’ price movements of PAX Gold with other cryptocurrencies.