PAX Gold Price Hits AED 15,718.85 as Market Cap Sees Slight Decline

PAX Gold (PAXG) is a gold-backed cryptocurrency launched by the creators of Paxos Standard (PAX) in September 2019. The main goal behind PAXG is to make gold more tradable, as the physical commodity is not easily divisible or flexible in terms of transport.

The current price of PAXG is AED 15,718.85 per unit, representing a change of +0.01% in the last hour and a -0.03% change in the last 24 hours. The market cap of PAXG is AED 6,832,192,569.57, which represents a -0.05% change in the last 24 hours.

Investors can buy PAX Gold with Emirati Dirhams (AED) through Revolut's app, using various order types such as market orders, recurring buys, stop orders, and limit orders. A market order allows users to exchange AED to PAXG immediately, while a recurring buy lets users make a repeating purchase of PAX Gold.