Commodity ratio · live
Gold to Lead Futures Ratio
The gold to lead futures ratio is 2.441 — Gold at $4,656.75 per Troy Ounce divided by Lead Futures at $1,907.93 per Metric Ton.
Prices as of Aug 24, 2026, 12:18 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gold to Lead Futures ratio
1.000 T.oz of gold = 2.441 T of lead futures
Inverse (LEAD-FUT/XAU): 0.4097 — one Metric Ton of lead futures buys that much gold.
Above its 1 year average. (81th percentile of the last 1 year)
Gold
$4,656.75
per Troy Ounce
Lead Futures
$1,907.93
per Metric Ton
Unit basis: USD per Troy Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of lead futures per Troy Ounce of gold. Prices as of Mon, 24 Aug 2026 12:18:10 GMT.
1Y average
2.244
median 2.214
1Y low
1.669
Aug 24, 2025
1Y high
2.765
Jan 27, 2026
Normal band
2.030–2.458
mean ± 1 std dev
Deviation from mean
+0.92σ
325 observations
Gold to Lead Futures ratio charts
Pick a range once — it applies to the XAU/LEAD-FUT ratio line, the OHLC candles and the Gold / Lead Futures price chart below.
XAU/LEAD-FUT ratio line
How many T of Lead Futures one T.oz of Gold buys, over 1Y.
XAU/LEAD-FUT ratio candles
Open, high, low and close of the XAU/LEAD-FUT ratio for each period in the last 1Y.
Gold and Lead Futures 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 lead futures ratio
Gold to Lead Futures ratio = Gold price per Troy Ounce ÷ Lead Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of lead futures per Troy Ounce of gold — rather than a plain count.
Worked example, live prices: $4,656.75 ÷ $1,907.93 = 2.441. The inverse is 0.4097.
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 gold to lead futures ratio today?
The gold to lead futures ratio is 2.441 — Gold at $4,656.75 per Troy Ounce divided by Lead Futures at $1,907.93 per Metric Ton, from live mid-market prices.
How do you calculate the gold to lead futures ratio?
Divide the gold price per Troy Ounce by the lead futures 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 lead futures per Troy Ounce of gold.
What is the inverse of the gold to lead futures ratio?
The inverse, lead futures to gold, is 0.4097 — how many Troy Ounces of gold one Metric Ton of lead futures buys.