Commodity ratio · live
Gold to Magnesium Ratio
The gold to magnesium ratio is 0.2748 — Gold at $4,643.34 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:26 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gold to Magnesium ratio
1.000 T.oz of gold = 0.2748 T of magnesium
Inverse (MG/XAU): 3.640 — one Metric Ton of magnesium buys that much gold.
Above its 1 year average. (85th percentile of the last 1 year)
Gold
$4,643.34
per Troy Ounce
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Troy Ounce ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Troy Ounce of gold. Prices as of Mon, 24 Aug 2026 10:26:18 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.2519
median 0.2538
1Y low
0.1822
Aug 25, 2025
1Y high
0.3223
Jan 27, 2026
Normal band
0.2280–0.2758
mean ± 1 std dev
Deviation from mean
+0.96σ
333 observations
Gold to Magnesium ratio charts
Pick a range once — it applies to the XAU/MG ratio line, the OHLC candles and the Gold / Magnesium price chart below.
XAU/MG ratio line
How many T of Magnesium one T.oz of Gold buys, over 1Y.
XAU/MG ratio candles
Open, high, low and close of the XAU/MG ratio for each period in the last 1Y.
Gold and Magnesium 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 magnesium ratio
Gold to Magnesium ratio = Gold price per Troy Ounce ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Troy Ounce of gold — rather than a plain count.
Worked example, live prices: $4,643.34 ÷ $16,900.00 = 0.2748. The inverse is 3.640.
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 magnesium ratio today?
The gold to magnesium ratio is 0.2748 — Gold at $4,643.34 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the gold to magnesium ratio?
Divide the gold price per Troy Ounce by the magnesium 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 magnesium per Troy Ounce of gold.
What is the inverse of the gold to magnesium ratio?
The inverse, magnesium to gold, is 3.640 — how many Troy Ounces of gold one Metric Ton of magnesium buys.