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Changes in ounces of gold and their respective values for the three and nine months ended September 30, 2020 and 2019 are set out below: (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
oz
Sep. 30, 2019
USD ($)
oz
Sep. 30, 2020
USD ($)
oz
Sep. 30, 2019
USD ($)
oz
Accounting Policies [Abstract]        
Opening balance | oz 1,237,289.9 664,998.4 787,688.3 641,449.1
Creations | oz 202,946.1 72,256.6 708,192.0 144,573.7
Redemptions | oz (12,500.9) (14,449.1) (67,361.1) (62,648.1)
Transfers of gold to pay expenses | oz (549.7) (289.7) (1,333.8) (858.5)
Closing balance | oz 1,427,185.4 722,516.2 1,427,185.4 722,516.2
Opening balance $ 2,187,652 $ 936,983 $ 1,193,151 $ 822,113
Creations 381,339 108,140 1,239,328 177,878
Redemptions (23,274) (21,724) (105,988) (83,901)
Settlement of gold receivable 13,607 24,722
Realized gain on gold distributed for the redemption of Shares 4,384 3,508 13,801 6,279
Transfers of gold to pay expenses (1,023) (413) (2,292) (1,148)
Realized gain on gold transferred to pay expenses 208 52 417 88
Change in unrealized gain on investment in gold 130,063 46,608 354,539 127,123
Closing balance $ 2,692,956 $ 1,073,154 $ 2,692,956 $ 1,073,154