Commodity ratio · live
Butter to Gold Ratio
The butter to gold ratio is 0.9370 — Butter at $4,350.00 per Metric Ton divided by Gold at $4,642.60 per Troy Ounce.
Prices as of Aug 24, 2026, 11:27 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Butter to Gold ratio
1.000 T of butter = 0.9370 T.oz of gold
Inverse (XAU/BUTTER): 1.067 — one Troy Ounce of gold buys that much butter.
Close to the middle of its 1 year range. (42th percentile of the last 1 year)
Butter
€4,350.00
per Metric Ton
Gold
$4,642.60
per Troy Ounce
Unit basis: EUR per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of gold per Metric Ton of butter. Prices as of Mon, 24 Aug 2026 11:27:37 GMT.
These two commodities are quoted in different currencies (EUR and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
1.050
median 0.9494
1Y low
0.7198
Jan 27, 2026
1Y high
2.051
Aug 24, 2025
Normal band
0.8011–1.299
mean ± 1 std dev
Deviation from mean
-0.45σ
336 observations
Butter to Gold ratio charts
Pick a range once — it applies to the BUTTER/XAU ratio line, the OHLC candles and the Butter / Gold price chart below.
BUTTER/XAU ratio line
How many T.oz of Gold one T of Butter buys, over 1Y.
BUTTER/XAU ratio candles
Open, high, low and close of the BUTTER/XAU ratio for each period in the last 1Y.
Butter and Gold prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the butter to gold ratio
Butter to Gold ratio = Butter price per Metric Ton ÷ Gold price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of gold per Metric Ton of butter — rather than a plain count.
Worked example, live prices: $4,350.00 ÷ $4,642.60 = 0.9370. The inverse is 1.067.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the butter to gold ratio today?
The butter to gold ratio is 0.9370 — Butter at $4,350.00 per Metric Ton divided by Gold at $4,642.60 per Troy Ounce, from live mid-market prices.
How do you calculate the butter to gold ratio?
Divide the butter price per Metric Ton by the gold price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of gold per Metric Ton of butter.
What is the inverse of the butter to gold ratio?
The inverse, gold to butter, is 1.067 — how many Metric Tons of butter one Troy Ounce of gold buys.