Investment in Gold

6 Months Ended

Jun. 30, 2023

3. INVESTMENT IN GOLD

The following represents the changes in ounces of gold and the respective fair value during the three months ended June 30, 2023:


	Amount in ounces			Amount in US$
Balance at March 31, 2023		258,376.4		$	511,507,670
Creations		86,071.3			172,091,177
Redemptions		(15,266.5	)		(29,817,361	)
Net realized gain (loss) from gold bullion distributed for redemptio ns		—			944,589
Sale of gold to pay expenses		(132.1	)		(261,955	)
Net realized gain (loss) from gold sold to pay expenses		—			(4,294	)
Change in unrealized appreciation (depreciation) on investment in gold		—			(25,235,634	)

Balance at June 30, 2023		329,049.1		$	629,224,192

The following represents the changes in ounces of gold and the respective fair value during the six months ended June 30, 2023:


	Amount in ounces			Amount in US$
Balance at December 31, 2022		241,125.6		$	437,004,008
Creations		181,396.6			351,993,540
Redemptions		(93,227.5	)		(172,028,270	)
Net realized gain (loss) from gold bullion distributed for redemptions		—			819,527
Sale of gold to pay expenses		(245.6	)		(474,167	)
Net realized gain (loss) from gold sold to pay expenses		—			(15,157	)
Change in unrealized appreciation (depreciation) on investment in gold		—			11,924,711

Balance at June 30, 2023		329,049.1		$	629,224,192