diff --git a/rs/nns/governance/src/governance/tests/mod.rs b/rs/nns/governance/src/governance/tests/mod.rs
index 65a250fdb4a3..06498c3186dc 100644
--- a/rs/nns/governance/src/governance/tests/mod.rs
+++ b/rs/nns/governance/src/governance/tests/mod.rs
@@ -865,10 +865,15 @@ mod metrics_tests {
     use crate::{
         encode_metrics,
         governance::Governance,
-        pb::v1::{Motion, Proposal, ProposalData, Tally, Topic, proposal},
+        pb::v1::{
+            IcpPriceHistory, MaturityModulation, Motion, Proposal, ProposalData, SampledPrice,
+            Tally, Topic, proposal,
+        },
         test_utils::{MockEnvironment, StubCMC, StubIcpLedger},
     };
 
+    const ONE_DAY_SECONDS: u64 = 86_400;
+
     #[test]
     fn test_metrics_total_voting_power() {
         let mut governance = Governance::new(
@@ -1020,6 +1025,87 @@ mod metrics_tests {
         // We assert that decided proposals are filtered out from metrics
         assert!(!s.contains("proposal_id=\"2\""));
     }
+
+    #[test]
+    fn test_metrics_maturity_modulation_and_icp_price_history() {
+        const METRIC_MATURITY_MODULATION: &str =
+            "governance_maturity_modulation_updated_at_timestamp_seconds";
+        const METRIC_MISSING_DAYS: &str = "governance_icp_xdr_price_history_missing_days_in_window";
+
+        let current_day: u64 = 20_000;
+        let now_seconds = current_day * ONE_DAY_SECONDS;
+
+        // Case 1: both states are None — neither gauge should be emitted.
+        let governance = Governance::new(
+            Default::default(),
+            Arc::new(MockEnvironment::new(Default::default(), now_seconds)),
+            Arc::new(StubIcpLedger {}),
+            Arc::new(StubCMC {}),
+            Box::new(MockRandomness::new()),
+        );
+        let mut writer = ic_metrics_encoder::MetricsEncoder::new(vec![], 0);
+        encode_metrics(&governance, &mut writer).unwrap();
+        let body = writer.into_inner();
+        let s = String::from_utf8_lossy(&body);
+        assert!(
+            !s.contains(METRIC_MATURITY_MODULATION),
+            "expected no maturity modulation gauge when state is None, got:\n{s}",
+        );
+        assert!(
+            !s.contains(METRIC_MISSING_DAYS),
+            "expected no missing-days gauge when state is None, got:\n{s}",
+        );
+
+        // Case 2: both states are Some.
+        let mut governance = Governance::new(
+            Default::default(),
+            Arc::new(MockEnvironment::new(Default::default(), now_seconds)),
+            Arc::new(StubIcpLedger {}),
+            Arc::new(StubCMC {}),
+            Box::new(MockRandomness::new()),
+        );
+        let updated_at_days_since_epoch = current_day - 2;
+        governance.heap_data.maturity_modulation = Some(MaturityModulation {
+            current_value_permyriad: Some(42),
+            updated_at_days_since_epoch: Some(updated_at_days_since_epoch),
+        });
+        // Three of the last 365 days have entries; one stale entry outside the window must not
+        // count toward `days_present`.
+        governance.heap_data.icp_price_history = Some(IcpPriceHistory {
+            icp_xdr_rates: vec![
+                SampledPrice {
+                    timestamp_seconds: (current_day - 500) * ONE_DAY_SECONDS,
+                    xdr_permyriad_per_icp: 50_000,
+                },
+                SampledPrice {
+                    timestamp_seconds: (current_day - 2) * ONE_DAY_SECONDS,
+                    xdr_permyriad_per_icp: 50_000,
+                },
+                SampledPrice {
+                    timestamp_seconds: (current_day - 1) * ONE_DAY_SECONDS,
+                    xdr_permyriad_per_icp: 50_000,
+                },
+                SampledPrice {
+                    timestamp_seconds: current_day * ONE_DAY_SECONDS,
+                    xdr_permyriad_per_icp: 50_000,
+                },
+            ],
+        });
+        let mut writer = ic_metrics_encoder::MetricsEncoder::new(vec![], 0);
+        encode_metrics(&governance, &mut writer).unwrap();
+        let body = writer.into_inner();
+        let s = String::from_utf8_lossy(&body);
+        let expected_ts = updated_at_days_since_epoch * ONE_DAY_SECONDS;
+        assert!(
+            s.contains(&format!("{METRIC_MATURITY_MODULATION} {expected_ts} 0")),
+            "expected maturity modulation gauge with value {expected_ts}, got:\n{s}",
+        );
+        let expected_missing_days = 365_u64 - 3;
+        assert!(
+            s.contains(&format!("{METRIC_MISSING_DAYS} {expected_missing_days} 0")),
+            "expected missing-days gauge with value {expected_missing_days}, got:\n{s}",
+        );
+    }
 }
 
 mod neuron_archiving_tests {
diff --git a/rs/nns/governance/src/lib.rs b/rs/nns/governance/src/lib.rs
index 2aef49af163d..f7e42ae05861 100644
--- a/rs/nns/governance/src/lib.rs
+++ b/rs/nns/governance/src/lib.rs
@@ -141,7 +141,7 @@ use std::{
     time::{Duration, SystemTime},
 };
 use storage::VOTING_POWER_SNAPSHOTS;
-use timer_tasks::encode_timer_task_metrics;
+use timer_tasks::{ONE_DAY_SECONDS, encode_timer_task_metrics};
 
 #[cfg(any(test, feature = "canbench-rs"))]
 pub mod test_utils;
@@ -702,6 +702,45 @@ pub fn encode_metrics(
         "Time since the latest voting power snapshot, in seconds. If no snapshot has been taken yet, this will be infinity.",
     )?;
 
+    // Maturity Modulation / ICP-XDR price history freshness. Skipped entirely when the underlying
+    // state is unset so that alerts do not fire on freshly-installed canisters before the initial
+    // backfill completes.
+
+    if let Some(updated_at_days_since_epoch) = governance
+        .heap_data
+        .maturity_modulation
+        .as_ref()
+        .and_then(|mm| mm.updated_at_days_since_epoch)
+    {
+        w.encode_gauge(
+            "governance_maturity_modulation_updated_at_timestamp_seconds",
+            (updated_at_days_since_epoch * ONE_DAY_SECONDS) as f64,
+            "Timestamp (seconds since the Unix epoch) of the day for which the cached maturity modulation was last computed.",
+        )?;
+    }
+
+    if let Some(icp_price_history) = governance.heap_data.icp_price_history.as_ref() {
+        const ICP_XDR_PRICE_HISTORY_WINDOW_DAYS: u64 = 365;
+        let current_day = governance.env.now() / ONE_DAY_SECONDS;
+        let oldest_day_in_window =
+            current_day.saturating_sub(ICP_XDR_PRICE_HISTORY_WINDOW_DAYS - 1);
+        let days_present_in_window = icp_price_history
+            .icp_xdr_rates
+            .iter()
+            .filter(|p| {
+                let day = p.timestamp_seconds / ONE_DAY_SECONDS;
+                day >= oldest_day_in_window && day <= current_day
+            })
+            .count() as u64;
+        let missing_days_in_window =
+            ICP_XDR_PRICE_HISTORY_WINDOW_DAYS.saturating_sub(days_present_in_window);
+        w.encode_gauge(
+            "governance_icp_xdr_price_history_missing_days_in_window",
+            missing_days_in_window as f64,
+            "Number of days in [today-364, today] with no ICP/XDR rate entry in icp_price_history.",
+        )?;
+    }
+
     // Periodically Calculated (almost entirely detailed neuron breakdowns/rollups)
 
     if let Some(metrics) = &governance.heap_data.metrics {
diff --git a/rs/nns/governance/src/timer_tasks/mod.rs b/rs/nns/governance/src/timer_tasks/mod.rs
index a14432ddcb37..381e8bf0e748 100644
--- a/rs/nns/governance/src/timer_tasks/mod.rs
+++ b/rs/nns/governance/src/timer_tasks/mod.rs
@@ -16,6 +16,7 @@ use update_icp_xdr_rate_related_data::UpdateIcpXdrRateRelatedData;
 
 pub(crate) use update_icp_xdr_rate_related_data::{
     MATURITY_MODULATION_MAX_PERMYRIAD_MISSION_70, MATURITY_MODULATION_MIN_PERMYRIAD_MISSION_70,
+    ONE_DAY_SECONDS,
 };
 
 use crate::{canister_state::GOVERNANCE, storage::VOTING_POWER_SNAPSHOTS};
diff --git a/rs/nns/governance/unreleased_changelog.md b/rs/nns/governance/unreleased_changelog.md
index 94126a0ff421..cc656c79ab52 100644
--- a/rs/nns/governance/unreleased_changelog.md
+++ b/rs/nns/governance/unreleased_changelog.md
@@ -9,6 +9,16 @@ on the process that this file is part of, see
 
 ## Added
 
+* Added two Prometheus gauges to the `/metrics` endpoint to expose maturity modulation
+  freshness:
+  - `governance_maturity_modulation_updated_at_timestamp_seconds` — the day for which the
+    cached maturity modulation was last computed, multiplied by 86400.
+  - `governance_icp_xdr_price_history_missing_days_in_window` — the number of days in
+    `[today-364, today]` with no entry in `icp_price_history.icp_xdr_rates`.
+
+  Both gauges are skipped entirely until the underlying state is populated, so a
+  freshly-installed canister does not trip alerts before the initial backfill completes.
+
 ## Changed
 
 ## Deprecated