Commodity ratio · live
Nickel Futures to Gold Ratio
The nickel futures to gold ratio is 3.661 — Nickel Futures at $17,004.63 per Metric Ton divided by Gold at $4,645.28 per Troy Ounce.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Gold ratio
1.000 T of nickel futures = 3.661 T.oz of gold
Inverse (XAU/NICKEL-FUT): 0.2732 — one Troy Ounce of gold buys that much nickel futures.
Close to the middle of its 1 year range. (33th percentile of the last 1 year)
Nickel Futures
$17,004.63
per Metric Ton
Gold
$4,645.28
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 nickel futures. Prices as of Mon, 24 Aug 2026 10:35:11 GMT.
1Y average
3.854
median 3.843
1Y low
3.179
Jan 29, 2026
1Y high
4.623
Aug 24, 2025
Normal band
3.550–4.158
mean ± 1 std dev
Deviation from mean
-0.64σ
338 observations
Nickel Futures to Gold ratio charts
Pick a range once — it applies to the NICKEL-FUT/XAU ratio line, the OHLC candles and the Nickel Futures / Gold price chart below.
NICKEL-FUT/XAU ratio line
How many T.oz of Gold one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/XAU ratio candles
Open, high, low and close of the NICKEL-FUT/XAU ratio for each period in the last 1Y.
Nickel 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 nickel futures to gold ratio
Nickel Futures to Gold ratio = Nickel 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 nickel futures — rather than a plain count.
Worked example, live prices: $17,004.63 ÷ $4,645.28 = 3.661. The inverse is 0.2732.
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 nickel futures to gold ratio today?
The nickel futures to gold ratio is 3.661 — Nickel Futures at $17,004.63 per Metric Ton divided by Gold at $4,645.28 per Troy Ounce, from live mid-market prices.
How do you calculate the nickel futures to gold ratio?
Divide the nickel 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 nickel futures.
What is the inverse of the nickel futures to gold ratio?
The inverse, gold to nickel futures, is 0.2732 — how many Metric Tons of nickel futures one Troy Ounce of gold buys.