Commodity ratio · live
Wheat Futures to Gold Ratio
The wheat futures to gold ratio is 0.1825 — Wheat Futures at $25,557.40 per kilogram divided by Gold at $140,037.08 per kilogram.
Wheat futures is quoted per ounce and gold per troy ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 22, 2026, 12:50 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Gold ratio
1.000 kg of wheat futures = 0.1825 kg of gold
Inverse (XAU/ZW-FUT): 5.479 — one kilogram of gold buys that much wheat futures.
Near the top of its 1 year range — historically stretched. (93th percentile of the last 1 year)
Wheat Futures
$25,557.40
per kilogram
Gold
$140,037.08
per kilogram
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Tue, 22 Sep 2026 00:50:31 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Wheat futures is quoted per ounce and gold per troy ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
0.1467
median 0.1438
1Y low
0.1047
Jan 26, 2026
1Y high
0.1980
Sep 1, 2026
Normal band
0.1271–0.1662
mean ± 1 std dev
Deviation from mean
+1.83σ
171 observations
Wheat Futures to Gold ratio charts
Pick a range once — it applies to the ZW-FUT/XAU ratio line, the OHLC candles and the Wheat Futures / Gold price chart below.
ZW-FUT/XAU ratio line
How many kg of Gold one kg of Wheat Futures buys, over 1Y.
ZW-FUT/XAU ratio candles
Open, high, low and close of the ZW-FUT/XAU ratio for each period in the last 1Y.
Wheat 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 wheat futures to gold ratio
Wheat Futures to Gold ratio = Wheat Futures price in USD per kilogram ÷ Gold price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Wheat futures is quoted per ounce and gold per troy ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,557.40 per kilogram ÷ $140,037.08 per kilogram = 0.1825. The inverse is 5.479.
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 | 4357.12 |
| 2 | XAG | Silver | 66.48 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 92.54 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 100.60 |
| 5 | NG-FUT | Natural Gas Futures | 2.84 |
| 6 | PL | Platinum | 1814.38 |
| 7 | PA | Palladium | 1318.00 |
Frequently asked questions
What is the wheat futures to gold ratio today?
The wheat futures to gold ratio is 0.1825 — Wheat Futures at $25,557.40 per kilogram divided by Gold at $140,037.08 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to gold ratio?
Divide the wheat futures price per kilogram by the gold price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the wheat futures to gold ratio?
The inverse, gold to wheat futures, is 5.479 — how many kilograms of wheat futures one kilogram of gold buys.