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Condensed Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Value of gold transferred to pay expenses $ 1,296,347 $ 388,451 $ 2,397,168 $ 592,318
Cost of gold transferred to pay expenses (1,052,200) (365,260) (1,998,403) (563,417)
Gain on gold transferred to pay expenses 244,147 23,191 398,765 28,901
Gain on gold distributed for the redemption of Shares 0 573,615 1,434,889 573,615
Total gain on gold 244,147 596,806 1,833,654 602,516
EXPENSES        
Sponsor’s Fee (Note 2.7) 1,311,536 445,181 2,453,158 768,607
Total expenses 1,311,536 445,181 2,453,158 768,607
Net (loss) / gain from operations $ (1,067,389) $ 151,625 $ (619,504) $ (166,091)
Net (loss) / gain per Share (in Dollars per share) $ (0.12) $ 0.04 $ (0.07) $ (0.05)
Weighted average number of Shares (in Shares) 9,076,374 3,817,033 8,821,823 3,496,133