Key Highlights

  • GOLD (ASX:GOLD) is designed to track the gold spot price, with each unit representing about 1/100th of an ounce of physical gold.
  • The gold is held by JP Morgan Chase Bank as custodian, in vaults in London.
  • Fund size is $5.54bn, with 105,803,055 units on issue and fees of 0.40%.
  • The fund was admitted to the ASX on 28 March 2003.

Global X Physical Gold Structured ETF (ASX:GOLD) traded at $51.89 during the trading session on 30 October 2026, down 0.82%, with 115,206 units changing hands. GOLD gives a simple gold exposure: it aims to return the movements in the gold spot price less the management fee, backed by physical allocated gold. The fund was admitted to the ASX on 28 March 2003, making it one of the longest-running gold products on the exchange.

Fund Details

Fund size is $5.54bn, with 105,803,055 units outstanding. The ISIN is AU00000GOLD7 and management fees and costs are 0.40% a year. The fund sits in the Commodities & Precious Metals category and uses the Gold Spot Price TR AUD as its benchmark.

The day's range was $51.75 to $52.40, against a previous close of $52.32. Average daily volume is about 223,648 units.

How the Gold Is Held

Each unit represents a beneficial interest in approximately one-hundredth of a fine troy ounce of physical gold. The gold is held in vaults in London by JP Morgan Chase Bank, N.A., as Custodian Bank.

Because the holding is allocated bullion, the fund's exposure is one step removed from mining shares and reflects the spot price of gold directly, less management costs.

Income and Structure

The fund pays no distributions and shows no annual yield, so the return comes entirely from changes in the gold price, less the fee. Investors should consider currency movements too, as the gold price is set in US dollars and converted to Australian dollars.

Key Takeaways

GOLD offers a direct link to the gold spot price, with no equity or company exposure.

Backing by allocated bullion in London is central to the product's design.

The fee of 0.40% is paid from the gold exposure each year.

Because there is no income, the return depends solely on the gold price and the Australian dollar.