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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

(Amounts in 000’s of US$)		December 31, 2023				December 31, 2022
Level 1
Investment in gold		$	2,826,667			$	2,427,492

Changes in ounces of gold and their respective values for the years ended December 31, 2023 and 2022 are set out below:

Changes in ounces of gold and their respective values for the years ended December 31, 2023 and 2022 are set out below:

		Year Ended December 31, 2023				Year Ended December 31, 2022
(Amounts in 000’s of US$, except for ounces data)
Ounces of gold
Opening balance			1,338,383.1				1,324,350.2
Creations			159,902.9				204,255.2
Redemptions			(135,932.8	)			(187,874.4	)
Transfers of gold to pay expenses			(2,332.5	)			(2,347.9	)
Closing balance			1,360,020.7				1,338,383.1
Investment in gold
Opening balance		$	2,427,492			$	2,391,578
Creations			313,015				382,148
Redemptions			(259,646	)			(328,867	)
Realized gain on gold distributed for the redemption of Shares			41,270				33,258
Transfers of gold to pay expenses			(4,481	)			(4,233	)
Realized gain on gold transferred to pay expenses			723				556
Change in unrealized gain / (loss) on investment in gold			308,294				(46,948	)
Closing balance		$	2,826,667			$	2,427,492

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Tabular disclosure of movement in the investment in bullion in the Trust.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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