Commodity ratio · live
Gold to Nickel Futures Ratio
The gold to nickel futures ratio is 0.2732 — Gold at $4,645.28 per Troy Ounce divided by Nickel Futures at $17,004.63 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 Nickel Futures ratio
1.000 T.oz of gold = 0.2732 T of nickel futures
Inverse (NICKEL-FUT/XAU): 3.661 — one Metric Ton of nickel futures buys that much gold.
Close to the middle of its 1 year range. (67th percentile of the last 1 year)
Gold
$4,645.28
per Troy Ounce
Nickel Futures
$17,004.63
per Metric Ton
Unit basis: USD per Troy Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Troy Ounce of gold. Prices as of Mon, 24 Aug 2026 10:35:12 GMT.
1Y average
0.2611
median 0.2602
1Y low
0.2163
Aug 24, 2025
1Y high
0.3145
Jan 29, 2026
Normal band
0.2403–0.2819
mean ± 1 std dev
Deviation from mean
+0.58σ
338 observations
Gold to Nickel Futures ratio charts
Pick a range once — it applies to the XAU/NICKEL-FUT ratio line, the OHLC candles and the Gold / Nickel Futures price chart below.
XAU/NICKEL-FUT ratio line
How many T of Nickel Futures one T.oz of Gold buys, over 1Y.
XAU/NICKEL-FUT ratio candles
Open, high, low and close of the XAU/NICKEL-FUT ratio for each period in the last 1Y.
Gold and Nickel 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 nickel futures ratio
Gold to Nickel Futures ratio = Gold price per Troy Ounce ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Troy Ounce of gold — rather than a plain count.
Worked example, live prices: $4,645.28 ÷ $17,004.63 = 0.2732. The inverse is 3.661.
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 nickel futures ratio today?
The gold to nickel futures ratio is 0.2732 — Gold at $4,645.28 per Troy Ounce divided by Nickel Futures at $17,004.63 per Metric Ton, from live mid-market prices.
How do you calculate the gold to nickel futures ratio?
Divide the gold price per Troy Ounce by the nickel 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 nickel futures per Troy Ounce of gold.
What is the inverse of the gold to nickel futures ratio?
The inverse, nickel futures to gold, is 3.661 — how many Troy Ounces of gold one Metric Ton of nickel futures buys.