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Changes in ounces of gold (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
USD ($)
oz
Jun. 30, 2019
USD ($)
oz
Jun. 30, 2020
USD ($)
oz
Jun. 30, 2019
USD ($)
oz
Accounting Policies [Abstract]        
Opening balance (in Ounces) | oz 905,748.6 679,748.8 787,688.3 641,449.1
Creations (in Ounces) | oz 331,973.8 14,455.7 505,245.9 72,317.1
Redemptions (in Ounces) | oz (28,917.1) (54,860.2) (48,199.0)
Transfers of gold to pay expenses (in Ounces) | oz (432.6) (289.0) (784.1) (568.8)
Closing balance (in Ounces) | oz 1,237,289.9 664,998.4 1,237,289.9 664,998.4
Investment in gold, fair value, opening balance $ 1,457,304 $ 880,547 $ 1,193,151 $ 822,113
Creations 566,353 19,528 844,383 94,460
Redemptions (36,982) (82,715) (62,177)
Realized gain on gold distributed for the redemption of Shares 1,341 [1] 9,417 2,771 [1]
Transfers of gold to pay expenses (722) (374) (1,269) (735)
Realized gain on gold transferred to pay expenses 120 17 [1] 209 36 [1]
Change in unrealized gain on investment in gold 164,597 72,906 [1] 224,476 80,515 [1]
Investment in gold, fair value, closing balance $ 2,187,652 $ 936,983 $ 2,187,652 $ 936,983
[1] After the close of markets on November 1, 2019, the Trust effected a ten-for-one forward share split of the Shares issued by the Trust (the “Split”). The information presented attributable to periods prior to the Split has been adjusted to reflect the effects of the Split.