Yes, Pax Gold (PAXG) is designed to closely track the real-time market price of physical gold. Each PAXG token is backed 1:1 by one fine troy ounce of London Bullion Market Association (LBMA)-accredited Good Delivery gold stored in secure vaults.
While the price of PAXG generally mirrors the price of physical gold, there can occasionally be short-term deviations. These are typically minimal and temporary due to market supply and demand factors, but over time, PAXG remains highly correlated with the underlying value of gold.
Does a Pax Gold (PAXG) token perfectly track the price of gold?
Joe