Key Highlights

  • GXLD (ASX:GXLD) aims to track the price of gold bullion in Australian dollars, before fees and expenses.
  • Fund size is $734.40m, with 12,845,897 units on issue.
  • Management fees and costs are 0.15%, which is among the lowest of the gold products covered here.
  • The fund was admitted to the ASX on 1 May 2024.

Global X Gold Bullion ETF (ASX:GXLD) traded at $56.63 during the trading session on 30 October 2026, down 0.94%, with 84,027 units changing hands. GXLD tracks gold through Gold Interests issued by the fund. The gold spot price is set in US dollars and converted to Australian dollars, so the Australian dollar exchange rate affects the value of each unit as much as the price of gold does.

Fund Details

Fund size is $734.40m, with 12,845,897 units on issue. The ISIN is AU0000328262 and management fees and costs are 0.15% a year. The fund is in the Commodities & Precious Metals category and is benchmarked to the Gold Spot Price AUD.

The day's range was $56.48 to $57.18, against a previous close of $57.17. Average daily volume is about 43,972 units.

Currency and Pricing

The investment objective is to provide a return that tracks the price of gold bullion in Australian dollars before fees and expenses. Because the gold spot price is denominated in US dollars, the fund's value moves with both gold and the AUD/USD rate.

A higher Australian dollar reduces the value of gold in Australian terms, while a lower one lifts it. This currency link is part of the exposure investors take on.

Structure and Income

GXLD pays no distributions and shows no annual yield, so its outcome comes entirely from the gold price, the currency and the fee. Its low fee makes it a cost-conscious choice for gold exposure in Australian dollars.

Key Takeaways

GXLD is a direct, unhedged gold exposure in Australian dollars.

The fund's low fee of 0.15% is a key feature for investors comparing gold products.

Currency moves between the US and Australian dollar feed directly into the unit price.

With no income, the return depends on the gold spot price and the exchange rate alone.