Weekly report
XAUT and PAXG premium to gold, week by week
How far Tether Gold (XAUT) and Pax Gold (PAXG) traded from spot gold each week. Latest full week, Nov 2 – Nov 8, 2026: XAUT -0.44%, PAXG -0.17% on weekdays. Weekends reported apart.
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Comparing a quote before buying? The historical gap is not an executable price. Use the XAUT buying walkthrough to check the network, contract, spread and gas before confirming a trade. If holding rewards affect your decision, compare your costs with the remaining-period reward estimate and eligibility rules. A reward's annualized ceiling is separate from the token's price premium and from changes in gold's value.
Latest full week · 2026-W45
Nov 2 – Nov 8, 2026
XAUT
-0.44%
typical weekday premium to spot
Weekday range -0.54% to -0.16%. Weekend -0.38% vs Friday's close.
PAXG
-0.17%
typical weekday premium to spot
Weekday range -0.42% to +0.13%. Weekend -0.33% vs Friday's close.
On weekdays from Nov 2 – Nov 8, 2026, XAUT's typical premium to spot gold was -0.44% and PAXG's -0.17%. XAUT's daily median was below spot on 5 of 5 weekdays, PAXG's on 4 of 5.
PAXG cost about 0.27 percentage points more than XAUT relative to the gold behind it.
XAUT moved from -0.16% the week before to -0.44%, and PAXG moved from +0.05% the week before to -0.17%.
The widest single weekday reading was XAUT at -0.54% on Nov 5.
Over the weekend, with the spot market closed, XAUT traded -0.38% and PAXG -0.33% against Friday's closing gold price.
A typical gap of -0.44% is large enough to check before a big order: compare the token's price with spot on the day you trade.
Week to date · 2026-W46
Nov 9 – Nov 12, 2026
XAUT: -0.33% on 4 weekdays. PAXG: -0.26% on 4 weekdays. The full read is published once the week ends on Sunday (UTC).
Every week
| Week | XAUT weekdays | PAXG weekdays | XAUT weekend | PAXG weekend |
|---|---|---|---|---|
| Nov 9 – Nov 15, 2026 (to date) | -0.33% | -0.26% | — | — |
| Nov 2 – Nov 8, 2026 | -0.44% | -0.17% | -0.38% | -0.33% |
| Oct 26 – Nov 1, 2026 | -0.16% | +0.05% | -0.08% | +0.49% |
| Oct 19 – Oct 25, 2026 | -0.09% | +0.05% | -0.13% | +0.13% |
| Oct 12 – Oct 18, 2026 | -0.16% | -0.07% | -0.28% | -0.25% |
| Oct 5 – Oct 11, 2026 | -0.03% | +0.09% | -0.30% | -0.24% |
| Sep 28 – Oct 4, 2026 | +0.06% | +0.16% | -0.02% | +0.12% |
| Sep 21 – Sep 27, 2026 | -0.07% | -0.13% | -0.15% | -0.19% |
Weekdays: median of the daily median premiums, Monday to Friday. Weekend: Saturday and Sunday against Friday's closing gold price, while the spot market is shut. Positive means the token cost more than its gold; negative, less. Weeks run Monday to Sunday, UTC. The first week started on Thursday 24 September 2026. Daily figures and the CSV are on the premium history page.
Every week, how far XAUT and PAXG traded from the price of the gold behind them. Built from StackFi's own readings, taken several times a day, and updated with every new day of data.
FAQ
Frequently asked questions
Is XAUT trading at a premium or a discount to gold this week?
In the week of Nov 9 – Nov 15, 2026 so far, XAUT's typical weekday premium is -0.33%, below spot gold, and PAXG's -0.26%. The figure updates daily.
Is PAXG trading at a premium or a discount to gold this week?
In the week of Nov 9 – Nov 15, 2026 so far, PAXG's typical weekday premium is -0.26%, below spot gold. The figure updates daily.
Which tracks the gold price more closely, XAUT or PAXG?
PAXG, by a small margin: in 7 full weeks since Sep 21, 2026, XAUT's typical weekday premium was the closer of the two to zero in 3 weeks and PAXG's in 4. Both usually sit within a few tenths of a percent of spot, which is less than a typical exchange spread.
How often does XAUT trade below the spot gold price?
On 25 of 31 weekdays in the full weeks on record, XAUT's daily median was below spot gold; PAXG's was below on 14 of 31. Weekends are excluded because spot gold does not trade then.
What is the widest premium or discount on record here?
XAUT at -0.54% on Nov 5, 2026, the widest single weekday reading in the full weeks on record. Most readings stay within a few tenths of a percent.
How often is this report updated?
Daily. Prices are read several times a day and each day's readings are added as they arrive, so the current week's figures move until the week closes on Sunday (UTC). Full weeks are final. The latest reading included is from Nov 12, 2026.
Why are weekend numbers reported separately?
Spot gold stops trading from Friday evening to Sunday evening (US time), but XAUT and PAXG trade around the clock. A weekend reading compares the token with Friday's closing gold price, so it shows where token holders think gold will open, not a premium. Mixing those days in would make most weeks look like a discount.
How is the premium measured?
Token price from CoinGecko divided by spot gold per troy ounce from gold-api.com, minus one, read in the same run several times a day. Each day keeps its median, lowest and highest reading in UTC; each week takes the median of its weekday medians. Weeks run Monday to Sunday, UTC.
Does a discount mean XAUT or PAXG is cheap?
Only in the sense that you pay slightly less than the gold is worth at that moment. Most weeks the typical gap is within a few tenths of a percent, about the size of an exchange spread. A wider discount, like the roughly 1% on 25 September 2026, usually comes with stressed markets and tends to close within days.
Can I use this data?
Yes, with attribution to StackFi (CC BY 4.0). The daily series behind this report is on the XAUT and PAXG premium history page, with a free CSV.
XAUT Hold-to-Earn · until Nov 19
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Disclosure: StackFi's chief editor, Woody, works in the Web3 wallet space and is affiliated with TopNod. We earn no referral fees. Details
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