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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
EXPENSES      
Sponsor's Fee $ 3,924,259 $ 3,444,870 $ 4,165,756
Total expenses 3,924,000 3,445,000 4,166,000
Net investment loss (3,924,000) (3,445,000) (4,166,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized gain / (loss) on gold transferred to pay expenses 113,000 (94,000) 212,000
Realized (loss) / gain on gold distributed for the redemption of Shares (5,827,000) (3,410,000) 509,000
Change in unrealized gain / (loss) on investment in gold 59,660,000 (101,529,000) (2,266,000)
Total gain / (loss) on gold 53,946,000 (105,033,000) (1,545,000)
Change in net assets from operations $ 50,022,000 $ (108,478,000) $ (5,711,000)
Net increase / (decrease) in net assets per Share $ 6.06 $ (13.96) $ (0.67)
Weighted average number of Shares (in Shares) 8,250,683 7,770,959 8,578,219