Commodity ratio · live
Wheat Futures to Gold Ratio
The wheat futures to gold ratio is 0.1490 — Wheat Futures at $694.15 per Ounce divided by Gold at $4,658.46 per Troy 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.
Wheat Futures to Gold ratio
1.000 Oz of wheat futures = 0.1490 T.oz of gold
Inverse (XAU/ZW-FUT): 6.711 — one Troy Ounce of gold buys that much wheat futures.
Above its 1 year average. (88th percentile of the last 1 year)
Wheat Futures
$694.15
per Ounce
Gold
$4,658.46
per Troy Ounce
Unit basis: USD per Ounce ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of gold per Ounce of wheat futures. Prices as of Mon, 24 Aug 2026 12:24:51 GMT.
1Y average
0.1313
median 0.1306
1Y low
0.09546
Jan 27, 2026
1Y high
0.1744
Jul 23, 2026
Normal band
0.1158–0.1468
mean ± 1 std dev
Deviation from mean
+1.14σ
327 observations
Wheat Futures to Gold ratio charts
Pick a range once — it applies to the ZW-FUT/XAU ratio line, the OHLC candles and the Wheat Futures / Gold price chart below.
ZW-FUT/XAU ratio line
How many T.oz of Gold one Oz of Wheat Futures buys, over 1Y.
ZW-FUT/XAU ratio candles
Open, high, low and close of the ZW-FUT/XAU ratio for each period in the last 1Y.
Wheat Futures and Gold prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the wheat futures to gold ratio
Wheat Futures to Gold ratio = Wheat Futures price per Ounce ÷ Gold price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of gold per Ounce of wheat futures — rather than a plain count.
Worked example, live prices: $694.15 ÷ $4,658.46 = 0.1490. The inverse is 6.711.
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 wheat futures to gold ratio today?
The wheat futures to gold ratio is 0.1490 — Wheat Futures at $694.15 per Ounce divided by Gold at $4,658.46 per Troy Ounce, from live mid-market prices.
How do you calculate the wheat futures to gold ratio?
Divide the wheat futures price per Ounce by the gold price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of gold per Ounce of wheat futures.
What is the inverse of the wheat futures to gold ratio?
The inverse, gold to wheat futures, is 6.711 — how many Ounces of wheat futures one Troy Ounce of gold buys.