Commodity ratio · live
Magnesium to Gold Ratio
The magnesium to gold ratio is 3.640 — Magnesium at $16,900.00 per Metric Ton divided by Gold at $4,643.38 per Troy Ounce.
Prices as of Aug 24, 2026, 10:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Gold ratio
1.000 T of magnesium = 3.640 T.oz of gold
Inverse (XAU/MG): 0.2748 — one Troy Ounce of gold buys that much magnesium.
Below its 1 year average. (15th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Gold
$4,643.38
per Troy Ounce
Unit basis: CNY per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of gold per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 10:26:18 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
4.008
median 3.940
1Y low
3.103
Jan 27, 2026
1Y high
5.490
Aug 25, 2025
Normal band
3.603–4.413
mean ± 1 std dev
Deviation from mean
-0.91σ
333 observations
Magnesium to Gold ratio charts
Pick a range once — it applies to the MG/XAU ratio line, the OHLC candles and the Magnesium / Gold price chart below.
MG/XAU ratio line
How many T.oz of Gold one T of Magnesium buys, over 1Y.
MG/XAU ratio candles
Open, high, low and close of the MG/XAU ratio for each period in the last 1Y.
Magnesium 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 magnesium to gold ratio
Magnesium to Gold ratio = Magnesium 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 magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $4,643.38 = 3.640. The inverse is 0.2748.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the magnesium to gold ratio today?
The magnesium to gold ratio is 3.640 — Magnesium at $16,900.00 per Metric Ton divided by Gold at $4,643.38 per Troy Ounce, from live mid-market prices.
How do you calculate the magnesium to gold ratio?
Divide the magnesium 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 magnesium.
What is the inverse of the magnesium to gold ratio?
The inverse, gold to magnesium, is 0.2748 — how many Metric Tons of magnesium one Troy Ounce of gold buys.