From ethical theory to semiotics, trace emerges as one of the key concept-metaphors in poststructuralism. In this paper I revisit Marx's monumental Capital—one of the most successful attempts of exposing the inner logic/ontology of capital—through the prism of poststructuralist theory of the trace, especially as it is articulated in the writings of Emmanuel Levinas and Jacques Derrida. At the level of the ontology of capital, I shall argue that whereas the labor process results in what I call “commodity-trace production,” the social intercourse of commodities in circulation strives toward “trace erasure.” Further, I outline the distinction between trace of the same, standing for the uninterrupted self-expansion of value, and trace of the other, symbolizing the use-value obstacles that subvert this movement. Finally, I shall examine Marx's epistemological project in light of the retracing of traces muddled by capital and classical political economy.