Commodity ratio · live
Gold to Wheat Futures Ratio
The gold to wheat futures ratio is 6.711 — Gold at $4,658.46 per Troy Ounce divided by Wheat Futures at $694.15 per Ounce.
Prices as of Aug 24, 2026, 12:24 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Gold to Wheat Futures ratio
1.000 T.oz of gold = 6.711 Oz of wheat futures
Inverse (ZW-FUT/XAU): 0.1490 — one Ounce of wheat futures buys that much gold.
Below its 1 year average. (12th percentile of the last 1 year)
Gold
$4,658.46
per Troy Ounce
Wheat Futures
$694.15
per Ounce
Unit basis: USD per Troy Ounce ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Troy Ounce of gold. Prices as of Mon, 24 Aug 2026 12:24:51 GMT.
1Y average
7.722
median 7.656
1Y low
5.735
Jul 23, 2026
1Y high
10.48
Jan 27, 2026
Normal band
6.815–8.628
mean ± 1 std dev
Deviation from mean
-1.12σ
327 observations
Gold to Wheat Futures ratio charts
Pick a range once — it applies to the XAU/ZW-FUT ratio line, the OHLC candles and the Gold / Wheat Futures price chart below.
XAU/ZW-FUT ratio line
How many Oz of Wheat Futures one T.oz of Gold buys, over 1Y.
XAU/ZW-FUT ratio candles
Open, high, low and close of the XAU/ZW-FUT ratio for each period in the last 1Y.
Gold and Wheat 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 wheat futures ratio
Gold to Wheat Futures ratio = Gold price per Troy Ounce ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Troy Ounce of gold — rather than a plain count.
Worked example, live prices: $4,658.46 ÷ $694.15 = 6.711. The inverse is 0.1490.
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 wheat futures ratio today?
The gold to wheat futures ratio is 6.711 — Gold at $4,658.46 per Troy Ounce divided by Wheat Futures at $694.15 per Ounce, from live mid-market prices.
How do you calculate the gold to wheat futures ratio?
Divide the gold price per Troy Ounce by the wheat futures price per Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Ounces of wheat futures per Troy Ounce of gold.
What is the inverse of the gold to wheat futures ratio?
The inverse, wheat futures to gold, is 0.1490 — how many Troy Ounces of gold one Ounce of wheat futures buys.