Commodity ratio · live
Lead Futures to Gold Ratio
The lead futures to gold ratio is 0.4097 — Lead Futures at $1,907.93 per Metric Ton divided by Gold at $4,656.70 per Troy Ounce.
Prices as of Aug 24, 2026, 12:18 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Lead Futures to Gold ratio
1.000 T of lead futures = 0.4097 T.oz of gold
Inverse (XAU/LEAD-FUT): 2.441 — one Troy Ounce of gold buys that much lead futures.
Below its 1 year average. (19th percentile of the last 1 year)
Lead Futures
$1,907.93
per Metric Ton
Gold
$4,656.70
per Troy Ounce
Unit basis: USD per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of gold per Metric Ton of lead futures. Prices as of Mon, 24 Aug 2026 12:18:09 GMT.
1Y average
0.4497
median 0.4516
1Y low
0.3616
Jan 27, 2026
1Y high
0.5991
Aug 24, 2025
Normal band
0.4065–0.4929
mean ± 1 std dev
Deviation from mean
-0.93σ
325 observations
Lead Futures to Gold ratio charts
Pick a range once — it applies to the LEAD-FUT/XAU ratio line, the OHLC candles and the Lead Futures / Gold price chart below.
LEAD-FUT/XAU ratio line
How many T.oz of Gold one T of Lead Futures buys, over 1Y.
LEAD-FUT/XAU ratio candles
Open, high, low and close of the LEAD-FUT/XAU ratio for each period in the last 1Y.
Lead Futures 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 lead futures to gold ratio
Lead Futures to Gold ratio = Lead Futures 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 lead futures — rather than a plain count.
Worked example, live prices: $1,907.93 ÷ $4,656.70 = 0.4097. The inverse is 2.441.
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 | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the lead futures to gold ratio today?
The lead futures to gold ratio is 0.4097 — Lead Futures at $1,907.93 per Metric Ton divided by Gold at $4,656.70 per Troy Ounce, from live mid-market prices.
How do you calculate the lead futures to gold ratio?
Divide the lead futures 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 lead futures.
What is the inverse of the lead futures to gold ratio?
The inverse, gold to lead futures, is 2.441 — how many Metric Tons of lead futures one Troy Ounce of gold buys.