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PAX Gold reached its highest recorded price of $5,619.09 on January 29, 2026. Since then, the price has declined that peak — today it trades at $4,746.73, a -15.52% move from the all-time high.
To reclaim its record, PAXG would need to gain 18.4% from current levels — a 1.18x move. This is the classic “recovery math” of drawdowns: a 50% drop requires a 100% gain to break even, a 75% drop requires 300%, and a 90% drop requires 900%.
On the downside, the all-time low of $1,399.64 was set on November 18, 2019. From that floor, PAXG has returned +239.14%.