Commodity ratio · live
Gold to Hot-Rolled Coil Steel Ratio
The gold to hot-rolled coil steel ratio is 3.881 — Gold at $4,645.34 per Troy Ounce divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gold to Hot-Rolled Coil Steel ratio
1.000 T.oz of gold = 3.881 T of hot-rolled coil steel
Inverse (HRC-STEEL/XAU): 0.2577 — one Metric Ton of hot-rolled coil steel buys that much gold.
Below its 1 year average. (26th percentile of the last 1 year)
Gold
$4,645.34
per Troy Ounce
Hot-Rolled Coil Steel
$1,197.06
per Metric Ton
Unit basis: USD per Troy Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of hot-rolled coil steel per Troy Ounce of gold. Prices as of Mon, 24 Aug 2026 10:35:20 GMT.
1Y average
4.379
median 4.499
1Y low
3.286
Jun 24, 2026
1Y high
5.799
Jan 27, 2026
Normal band
3.785–4.974
mean ± 1 std dev
Deviation from mean
-0.84σ
337 observations
Gold to Hot-Rolled Coil Steel ratio charts
Pick a range once — it applies to the XAU/HRC-STEEL ratio line, the OHLC candles and the Gold / Hot-Rolled Coil Steel price chart below.
XAU/HRC-STEEL ratio line
How many T of Hot-Rolled Coil Steel one T.oz of Gold buys, over 1Y.
XAU/HRC-STEEL ratio candles
Open, high, low and close of the XAU/HRC-STEEL ratio for each period in the last 1Y.
Gold and Hot-Rolled Coil Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the gold to hot-rolled coil steel ratio
Gold to Hot-Rolled Coil Steel ratio = Gold price per Troy Ounce ÷ Hot-Rolled Coil Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of hot-rolled coil steel per Troy Ounce of gold — rather than a plain count.
Worked example, live prices: $4,645.34 ÷ $1,197.06 = 3.881. The inverse is 0.2577.
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 gold to hot-rolled coil steel ratio today?
The gold to hot-rolled coil steel ratio is 3.881 — Gold at $4,645.34 per Troy Ounce divided by Hot-Rolled Coil Steel at $1,197.06 per Metric Ton, from live mid-market prices.
How do you calculate the gold to hot-rolled coil steel ratio?
Divide the gold price per Troy Ounce by the hot-rolled coil steel price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of hot-rolled coil steel per Troy Ounce of gold.
What is the inverse of the gold to hot-rolled coil steel ratio?
The inverse, hot-rolled coil steel to gold, is 0.2577 — how many Troy Ounces of gold one Metric Ton of hot-rolled coil steel buys.