iShares Gold Trust (IAU): 463 Tonnes of Bullion Behind One Ticker

Sonal Goyal

27 October 2026 12:07 AM AEDT

iShares Gold Trust (IAU): 463 Tonnes of Bullion Behind One Ticker

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Key Highlights

IAU held 14,887,293.30 ounces of gold, or 463.05 tonnes, as of 23 October 2026.
Net Assets were $59,737,420,617 with 792,050,000 shares outstanding.
The sponsor fee is 0.25% and the reference benchmark is the LBMA Gold Price.
Shares traded at a 0.36% discount to NAV, with a closing price of $75.15 against a NAV of $75.42.

The iShares Gold Trust (NYSEARCA:IAU) is an exchange-traded trust that seeks to reflect the price of gold bullion. As of 23 October 2026 it held 14,887,293.30 ounces of gold, equal to 463.05 tonnes, with net assets of $59.74 billion. Shares closed at $75.15 against a NAV of $75.42.

The trust is not registered under the Investment Company Act of 1940 and is not a Commodity pool under the Commodity Exchange Act, so it is regulated differently from mutual funds and registered ETFs. This article summarises the trust's structure, size, trading characteristics and costs.

Trust Snapshot

The trust's NAV was $75.42 and its closing price $75.15 on 23 October 2026, giving a discount of about 0.36%, with a mid-point price of $75.16 and a 30-day median bid/ask spread of 0.01%. The NAV moved by -$0.66 (-0.86%) on the day. Daily Volume was 4,179,722 shares against a 30-day average of 4,341,200, and 792,050,000 shares were outstanding.

What the Trust Holds and How It Is Valued

IAU's only holding is physical gold. NAV is determined by valuing the trust's gold on the basis of the LBMA Gold Price PM, which is also the reference benchmark under the Bloomberg ticker GOLDLNPM. The indicative basket amount was 939.62 and the basket amount 939.64 as of the same date. Shares are not individually redeemable; only registered broker-dealers that are authorised participants can create or redeem large aggregated units called baskets.

Fees and Structure

The sponsor fee is 0.25%. The sponsor is iShares Delaware Trust Sponsor LLC, an affiliate of BlackRock, Inc., and BlackRock Investments, LLC assists in promoting the trust. The amount of gold represented by each share decreases over time because gold is sold to pay the sponsor fee and trust expenses. The trust has been listed since 21 January 2005 and trades on NYSE Arca.

Risk Characteristics

The trust reports a three-year Standard Deviation of 20.19% and an Equity Beta of 0.06 as of 30 September 2026. The prospectus lists factors that may affect the gold price and share price, including large sales by governments and central banks, a significant increase in hedging by gold producers and changes in the attitude of speculators and investors toward gold. The trust is a passive vehicle and its shares are not deposits or insured by any government agency.

The Fund in Brief

The iShares Gold Trust (IAU) combined 463.05 tonnes of bullion, $59.74 billion in net assets and a 0.25% sponsor fee as of 23 October 2026.

FAQs

Q: What does the iShares Gold Trust (IAU) hold?

A: Physical gold bullion: 14,887,293.30 ounces, or 463.05 tonnes, as of 23 October 2026.

Q: What is the sponsor fee for IAU?

A: 0.25%.

Q: What benchmark is used to value IAU?

A: The LBMA Gold Price PM is used to value the gold held by the trust.

Q: Can IAU shares be redeemed individually?

A: No. Only authorised participants can redeem, and only in large aggregated units called baskets.

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