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abrdn Gold ETF Trust – ‘10-Q’ for 9/30/23 – ‘XML’

On:  Wednesday, 11/8/23, at 3:08pm ET   ·   For:  9/30/23   ·   Accession #:  1839882-23-30157   ·   File #:  1-34441

Previous ‘10-Q’:  ‘10-Q’ on 8/9/23 for 6/30/23   ·   Next & Latest:  ‘10-Q’ on 5/9/24 for 3/31/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/08/23  abrdn Gold ETF Trust              10-Q        9/30/23   33:1.6M                                   Quality Edgar - QES/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    327K 
 2: EX-31.1     Certification of Chief Executive Officer            HTML     16K 
 3: EX-31.2     Certification of Chief Financial Officer            HTML     16K 
 4: EX-32.1     Certification of Chief Executive Officer            HTML     13K 
 5: EX-32.2     Certification of Chief Financial Officer            HTML     13K 
11: R1          Cover                                               HTML     66K 
12: R2          Statements of Assets and Liabilities (Unaudited)    HTML     44K 
13: R3          Statements of Assets and Liabilities (Unaudited)    HTML     30K 
                (Parenthetical)                                                  
14: R4          Schedules of Investments (Unaudited)                HTML     46K 
15: R5          Statements of Operations (Unaudited)                HTML     50K 
16: R6          Statements of Changes in Net Assets (Unaudited)     HTML     40K 
17: R7          Financial Highlights (Unaudited)                    HTML     33K 
18: R8          Organization                                        HTML     19K 
19: R9          Significant Accounting Policies                     HTML     76K 
20: R10         Related Parties                                     HTML     18K 
21: R11         Concentration of Risk                               HTML     15K 
22: R12         Indemnification                                     HTML     16K 
23: R13         Significant Accounting Policies (Policies)          HTML     89K 
24: R14         Significant Accounting Policies (Tables)            HTML     46K 
25: R15         Organization (Details Narrative)                    HTML     13K 
26: R16         The categorization of the Trust?s assets is as      HTML     16K 
                shown below (Details)                                            
27: R17         Changes in ounces of gold and their respective      HTML     36K 
                values for the three and nine months ended                       
                September 30, 2023 and 2022 are set out below                    
                (Details)                                                        
28: R18         Significant Accounting Policies (Details            HTML     33K 
                Narrative)                                                       
31: XML         IDEA XML File -- Filing Summary                      XML     47K 
29: XML         XBRL Instance -- sgol-10q_093023_htm                 XML    335K 
30: EXCEL       IDEA Workbook of Financial Report Info              XLSX     46K 
 7: EX-101.CAL  XBRL Calculations -- sgol-20230930_cal               XML     44K 
 8: EX-101.DEF  XBRL Definitions -- sgol-20230930_def                XML     50K 
 9: EX-101.LAB  XBRL Labels -- sgol-20230930_lab                     XML    308K 
10: EX-101.PRE  XBRL Presentations -- sgol-20230930_pre              XML    208K 
 6: EX-101.SCH  XBRL Schema -- sgol-20230930                         XSD     56K 
32: JSON        XBRL Instance as JSON Data -- MetaLinks              129±   177K 
33: ZIP         XBRL Zipped Folder -- 0001839882-23-030157-xbrl      Zip     86K

‘XML’   —   XBRL Instance — sgol-10q_093023_htm

This Document is an XBRL File.

                                                                                                                                                                                
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<us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> 493000 </us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses>
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<us-gaap:NetIncomeLoss contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> -203058000 </us-gaap:NetIncomeLoss>
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<us-gaap:SharesOutstanding contextRef="AsOf2022-06-30" decimals="INF" unitRef="Shares"> 149000000 </us-gaap:SharesOutstanding>
<us-gaap:StockholdersEquity contextRef="AsOf2022-06-30" decimals="-3" unitRef="USD"> 2595588000 </us-gaap:StockholdersEquity>
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<us-gaap:SharesOutstanding contextRef="AsOf2022-09-30" decimals="INF" unitRef="Shares"> 140600000 </us-gaap:SharesOutstanding>
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<sgol:TotalReturnAtNetAssetValue contextRef="From2022-01-012022-09-30" decimals="INF" id="Fact000321" unitRef="Pure"> -0.0756 </sgol:TotalReturnAtNetAssetValue>
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<p id="xdx_808_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_zQ6BmcDBZQOa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.    <span id="xdx_82F_zaMaFNGeev19">Organization</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The abrdn Gold ETF Trust (the “Trust”) is a common law trust formed on September 1, 2009 under New York law pursuant to a depositary trust agreement (the “Trust Agreement”) executed by abrdn ETFs Sponsor LLC (the “Sponsor”) and The Bank of New York Mellon as Trustee (the “Trustee”). The Trust holds gold  and issues abrdn Physical Gold Shares ETF (“Shares”) in minimum blocks of <span id="xdx_907_ecustom--MinimumBlockOfSharesIssuedRedeemedAgainstBullion_pid_uShares_c20230101__20230930_zKSP8SzcfgHe" title="Minimum block of shares issued redeemed against gold">100,000</span> Shares (also referred to as “Baskets”) in exchange for deposits of gold and distributes gold in connection with the redemption of Baskets. Shares represent units of fractional undivided beneficial interest in and ownership of the Trust which are issued by the Trust. The Sponsor is a Delaware limited liability company and a wholly-owned subsidiary of abrdn Inc., which is a wholly-owned indirect subsidiary of abrdn plc. The Trust is governed by the Trust Agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective February 28, 2023, Andrea Melia resigned as Treasurer and Chief Financial Officer of the Sponsor. Ms. Melia had served as Principal Financial Officer of the Registrant. Effective February 28, 2023, Brian Kordeck was appointed Treasurer and Chief Financial Officer of the Sponsor. Mr. Kordeck serves as Principal Financial Officer of the Registrant. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The investment objective of the Trust is for the Shares to reflect the performance of the price of gold, less the Trust’s expenses and liabilities. The Trust is designed to provide an individual owner of beneficial interests in the Shares (a “Shareholder”) an opportunity to participate in the gold market through an investment in securities. The fiscal year end for the Trust is December 31.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying financial statements were prepared in accordance with the accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q. In the opinion of the Trust’s management, all adjustments (which consist of normal recurring adjustments) necessary to present fairly the financial position and results of operations as of September 30, 2023, and for the three and nine month periods then ended have been made.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These financial statements should be read in conjunction with the Trust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The results of operations for the three and nine months ended September 30, 2023 are not necessarily indicative of the operating results for the full year.</span></p>
</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
<sgol:MinimumBlockOfSharesIssuedRedeemedAgainstBullion contextRef="From2023-01-01to2023-09-30" decimals="INF" unitRef="Shares"> 100000 </sgol:MinimumBlockOfSharesIssuedRedeemedAgainstBullion>
<us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_80E_eus-gaap--SignificantAccountingPoliciesTextBlock_z9idABdOpwnh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2.    <span id="xdx_825_z1VoYrBXaZ3c">Significant Accounting Policies</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in accordance with U.S. GAAP requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Trust. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zF5TPDJSsMLd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.1.    <span id="xdx_861_zXOSA32hNwGl">Basis of Accounting</span></i></b> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, <i>Financial Services—Investment Companies</i>, and has concluded that for reporting purposes, the Trust is classified as an Investment Company. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.</span></p> <p id="xdx_851_zZRrdtMEMTHk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_841_ecustom--ValuationOfBullionPolicyTextBlock_zEkZmHXLbzPc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.2.    <span id="xdx_868_zEZ6I9Z2zCe8">Valuation of Gold</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust follows the provisions of ASC 820, <i>Fair Value Measurement </i>(“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust's gold is held by JPMorgan Chase Bank, N.A. (the “Custodian”), on behalf of the Trust, at its London, England and Zurich, Switzerland vaulting premises and may also be held at the Zurich, Switzerland vaulting premises of UBS AG, or any other firm selected by the Custodian, to hold the Trust's gold in the Trust's allocated account in the firm's vault premises on a segregated basis. Effective as of the close of business June 20, 2019, the Sponsor approved the addition of London, England as a location where the Custodian may custody allocated gold bullion deposited with and held by the Trust. At September 30, 2023, <span id="xdx_900_ecustom--PercentageOfAssetBeingHeldByTrust_iI_pid_dpn_uPure_c20230930_z7OdT5oQ0Dd9" title="Percentage of gold held by sub-custodians">none</span> of the Trust's gold was held by a sub-custodian.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust's gold is recorded at fair value. The cost of gold is determined according to the average cost method and the fair value is based on the London Bullion Market Association ("LBMA") PM Gold Price. Realized gains and losses on transfers of gold, or gold distributed for the redemption of Shares, are calculated on a trade date basis as the difference between the fair value and average cost of gold transferred.  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The LBMA PM Gold Price is set using the afternoon session of the ICE Benchmark Administration (“IBA”) equilibrium auction, an electronic, tradable and auditable over-the-counter auction market with the ability to participate in US Dollars, Euros or British Pounds for LBMA-authorized participating gold bullion banks or market makers that establishes a reference gold price for that day’s trading.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once the value of  gold has been determined, the net asset value (the “NAV”) is computed by the Trustee by deducting all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s Fee”), from the fair value of the gold and all other assets held by the Trust.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust recognizes changes in fair value of the investment in gold as changes in unrealized gains or losses on investment in gold through the Statement of Operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The per Share amount of gold exchanged for a purchase or redemption is calculated daily by the Trustee using the LBMA PM Gold Price to calculate the gold amount in respect of any liabilities for which covering gold sales have not yet been made, and represents the per Share amount of gold held by the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Fair Value Hierarchy</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASC 820 establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">– Level 1. Unadjusted quoted prices in active markets for identical assets or liabilities that the Trust has the ability to access.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">– Level 2. Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments and similar data.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">– Level 3. Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Trust’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust’s investment in gold is classified as a level 1 asset, as its value is calculated using unadjusted quoted prices from primary market sources.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_893_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zs59GOnmldej" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zlpMAdOCuR77">The categorization of the Trust’s assets is as shown below:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: italic 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Amounts in 000’s of US$)</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">September 30, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: italic 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment in gold</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_985_eus-gaap--InvestmentInPhysicalCommoditiesFairValueDisclosure_iI_pn3n3_c20230930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zVC81wioSKod" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Investment in gold"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,586,162</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_986_eus-gaap--InvestmentInPhysicalCommoditiesFairValueDisclosure_iI_pn3n3_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zk6D6jkqEGi4" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,427,492</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p id="xdx_8AF_zung5A1rJxmk" style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There were no transfers between levels during the nine months ended September 30, 2023 or the year ended December 31, 2022.</span></p> <p id="xdx_857_zxNdrzQB0JU" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"> </p> <p id="xdx_84A_ecustom--ReceivableAndPayablePolicyTextBlock_zIY5ASvsLBXe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.3.    <span id="xdx_86D_zrZi2p7UmX7b">Gold Receivable and Payable</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Trust’s account. Generally, ownership of gold is transferred within two business days of the trade date. At September 30, 2023, the Trust had <span id="xdx_903_ecustom--BullionReceivableAtMarketValue_iI_do_c20230930_zSRSWM3pY9L9" title="Gold receivable">no</span> gold receivable for the creation of Shares and $<span id="xdx_906_ecustom--BullionPayableAtMarketValue_iI_c20230930_zF5m4lydXkTh">3,578,996</span> of gold payable for the redemption of Shares. At December 31, 2022, the Trust had $<span id="xdx_900_ecustom--BullionReceivableAtMarketValue_iI_c20221231_zAMtICQ8TBBl" title="Gold receivable">15,636,662</span> of gold receivable for the creation of Shares and <span id="xdx_90B_ecustom--BullionPayableAtMarketValue_iI_do_c20221231_zYD1iY9vTX6e" title="Gold payable">no</span> gold payable for the redemption of Shares.</span></p> <p id="xdx_857_z5Az8bJEGKIb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_844_ecustom--CreationsAndRedemptionsOfSharesPolicyTextBlock_zIjRP3DigeRg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.4.    <span id="xdx_86F_z9T2FUQMS054">Creations and Redemptions of Shares</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust expects to create and redeem Shares from time to time, but only in one or more Baskets (a Basket equals a block of <span id="xdx_907_ecustom--MinimumBlockOfSharesIssuedRedeemedAgainstBullion_pid_uShares_c20230101__20230930_zugyPyq2qUX" title="Minimum block of shares issued redeemed against gold">100,000</span> Shares). The Trust issues Shares in Baskets to Authorized Participants on an ongoing basis. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions; (2) is a participant in The Depository Trust Company; (3) has entered into an Authorized Participant Agreement with the Trustee and the Sponsor; and (4) has established an Authorized Participant Unallocated Account with the Trust’s Custodian or other gold bullion clearing bank. An Authorized Participant Agreement is an agreement entered into by each Authorized Participant, the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the gold required for such creations and redemptions. An Authorized Participant Unallocated Account is an unallocated gold account, either loco London or loco Zurich, established with the Custodian or a gold bullion clearing bank by an Authorized Participant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized Participants may, on any business day, place an order with the Trustee to create or redeem one or more Baskets. The typical settlement period for Shares is two business days. In the event of a trade date at period end, where a settlement is pending, a respective account receivable and/or payable will be recorded. When gold is exchanged in settlement of a redemption, it is considered a sale of gold for financial statement purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The amount of gold represented by the Baskets created or redeemed can only be settled to the nearest 1/1000th of an ounce. As a result, the value attributed to the creation or redemption of Shares may differ from the value of gold to be delivered or distributed by the Trust. In order to ensure that the correct amount of gold is available at all times to back the Shares, the Sponsor accepts an adjustment to its Sponsor Fee in the event of any shortfall or excess on each transaction. For each transaction, this amount is not more than 1/1000th of an ounce of gold.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the Shares of the Trust are subject to redemption at the option of Authorized Participants, the Trust has classified the outstanding Shares as Net Assets. Changes in the number of Shares outstanding are presented in the Statement of Changes in Net Assets.</span></p> <p id="xdx_85F_zQkNe0twLvbl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_849_eus-gaap--IncomeTaxPolicyTextBlock_zw4Ooy6xwblg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.5.    <span id="xdx_861_zJoCDHfkLPK1">Income Taxes</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, the Trust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to the Internal Revenue Service on that basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that <span id="xdx_904_eus-gaap--LiabilityForUncertainTaxPositionsNoncurrent_iI_do_c20230930_ztHLH4OyHR3e" title="Reserve for uncertain tax positions"><span id="xdx_904_eus-gaap--LiabilityForUncertainTaxPositionsNoncurrent_iI_do_c20221231_zCxmIm4oxAP4" title="Reserve for uncertain tax positions">no</span></span> reserves for uncertain tax positions are required as of September 30, 2023 or December 31, 2022.</span></p> <p id="xdx_85D_zAWGgN69E3Vh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eus-gaap--InvestmentPolicyTextBlock_zmNKL39zID" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.6.    <span id="xdx_869_z23h4R1OkoJ6">Investment in Gold</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_890_ecustom--InvestmentsInBullionTableTextBlock_zPMaAFYhSqXg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B1_zzrHDDcln3ye">Changes in ounces of gold and their respective values for the three and nine months ended September 30, 2023 and 2022 are set out below:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230701__20230930_znIXtjaf21i2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220701__20220930_zXajTkwnSDqc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">(Amounts in 000’s of US$, except for ounces data)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ounces of gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iS_pp1p0_uOZ_zIWdOFjT49wj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,421,487.7</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,428,702.0</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CreationsOuncesOfBullion_pdp0_uOZ_zi6lbdKwJheg" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0383">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0384">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--RedemptionsOuncesOfBullion_pp1p0_uOZ_ziVDc9cgsr5d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(38,278.6</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(80,517.0</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--TransfersOfBullionOunces_pp1p0_uOZ_zoRVM9wFeam8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Transfers of gold to pay expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(604.6</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(603.3</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iE_pp1p0_uOZ_zVTcArYxNfOi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,382,604.5</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,347,581.7</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230701__20230930_z1E1FNJldEhj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220701__20220930_zCsOm9XNhQFd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Investment in gold</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentInPhysicalCommodities_iS_pn3n3_uUSD_zz3qVOWiWJVg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,718,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,595,951</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--CreationsValueOfBullion_pn3n3_uUSD_z4QcAHLfXgg5" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0402">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0403">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_iN_pn3n3_di_uUSD_zoKpuTu4suce" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(73,689</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(138,659</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--RealizedGainLossOnBullionDistributedForRedemptionOfShares_pn3n3_uUSD_z2RI8FrH7UBg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Realized gain on gold distributed for the redemption of Shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,594</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,881</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--CostOfBullionTransferredToPayExpenses_iN_pn3n3_di_uUSD_zI7RGHZRt5Nf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Transfers of gold to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,171</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,073</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--GainLossOnSaleOfTrustAssetsToPayExpenses_pn3n3_uUSD_z42bsNraKIGd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Realized gain on gold transferred to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">190</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ChangeInUnrealizedGainLossOnInvestmentInBullion_pn3n3_uUSD_zMzJPNp8S9vi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in unrealized (loss) on investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(69,008</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(215,404</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_pn3n3_uUSD_zAR8qo5kfN8f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in unrealized gain on unsettled creations or redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0421">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--InvestmentInPhysicalCommodities_iE_pn3n3_uUSD_zMGgrDLjnUsc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,586,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,252,820</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20230101__20230930_zeb23o3r9Hlf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months<br/> Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220101__20220930_zGxnUjFj82vj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months<br/> Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">(Amounts in 000’s of US$, except for ounces data)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ounces of gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iS_pp1p0_uOZ_zaeVtR7bdNTi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,338,383.1</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,324,350.2</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--CreationsOuncesOfBullion_pp1p0_uOZ_zKtxZW2w0qci" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,120.2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,395.3</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--RedemptionsOuncesOfBullion_pp1p0_uOZ_zbA6eb6g7kvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(109,149.1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(130,383.5</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_ecustom--TransfersOfBullionOunces_pp1p0_uOZ_z7WdE63KvVsc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Transfers of gold to pay expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,749.7</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,780.3</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iE_pp1p0_uOZ_zdV9xa8BsmH1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,382,604.5</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,347,581.7</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentInPhysicalCommodities_iS_pn3n3_uUSD_zvBDcErMXcNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Opening balance</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,427,492</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,391,578</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--CreationsValueOfBullion_pn3n3_uUSD_zSY6LNQe7ff" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">303,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">295,784</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_iN_pn3n3_di_uUSD_zKfLp6s5yEW7" style="vertical-align: bottom; background-color: White"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(208,121</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(231,457</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--RealizedGainLossOnBullionDistributedForRedemptionOfShares_pn3n3_uUSD_z0i4larg7jSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Realized gain on gold distributed for the redemption of Shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">33,199</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,399</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--CostOfBullionTransferredToPayExpenses_iN_pn3n3_di_uUSD_zfMZZA7c3j4e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Transfers of gold to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,359</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,275</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnSaleOfTrustAssetsToPayExpenses_pn3n3_uUSD_zxGptDgzyoA4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Realized gain on gold transferred to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">547</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">493</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--ChangeInUnrealizedGainLossOnInvestmentInBullion_pn3n3_uUSD_zfEKIYwfmui8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in unrealized gain / (loss) on investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,775</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(226,702</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_pn3n3_uUSD_zEpIXjX0yOf3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in unrealized gain on unsettled creations or redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0463">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--InvestmentInPhysicalCommodities_iE_pn3n3_uUSD_zmkp3BqfN5x9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,586,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,252,820</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A0_z8TH1Woag79b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p id="xdx_851_zI4GTH9t0Noi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_84B_ecustom--ExpensesPolicyTextBlock_zJTehxbwG4Sj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.7.    <span id="xdx_869_ztSQDL3jveGk">Expenses / Realized Gains / Losses</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The primary expense of the Trust is the Sponsor’s Fee, which is paid by the Trust through in-kind transfers of gold to the Sponsor.<br/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust will transfer gold to the Sponsor to pay the Sponsor’s Fee that accrues daily at an annualized rate equal to <span id="xdx_905_ecustom--AnnualizedRateOfSponsorsFee_pid_dp_uPure_c20230101__20230930_zQDL7mvr3zba" title="Expense ratio">0.17</span>% of the adjusted daily net asset value ("ANAV") of the Trust, paid monthly in arrears. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and out of pocket expenses, the Custodian’s fee and the reimbursement of the Custodian’s expenses, exchange listing fees, United States Securities and Exchange Commission (the “SEC”) registration fees, printing and mailing costs, audit fees and up to $<span id="xdx_906_ecustom--MaximumSponsorFeeForLegalExpenses_c20230101__20230930_zml8qdK8IuIc" title="Maximum sponsor fee for legal expenses">100,000</span> per annum in legal expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three months ended September 30, 2023 and 2022, the Sponsor’s Fee was $<span id="xdx_90D_eus-gaap--SponsorFees_c20230701__20230930_zUixKFSVjyBa" title="Sponsor's Fee">1,150,959</span> and $<span id="xdx_908_eus-gaap--SponsorFees_c20220701__20220930_znLnqPEtYibg" title="Sponsor's Fee">1,029,225</span>, respectively. For the nine months ended September 30, 2023 and 2022, the Sponsor’s Fee was $<span id="xdx_908_eus-gaap--SponsorFees_c20230101__20230930_z7Csce35UIsi" title="Sponsor's Fee">3,375,197</span> and $<span id="xdx_909_eus-gaap--SponsorFees_c20220101__20220930_zrEkVVURowf3" title="Sponsor's Fee">3,248,407</span>, respectively.  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At September 30, 2023 and at December 31, 2022, the fees payable to the Sponsor were $<span id="xdx_902_eus-gaap--AccountsPayableCurrent_iI_c20230930_z2rcLwXuj76e" title="Fees payable to Sponsor">361,603</span> and $<span id="xdx_902_eus-gaap--AccountsPayableCurrent_iI_c20221231_z8ggKtYT0er8" title="Fees payable to Sponsor">346,303</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s gold as necessary to pay these expenses. When selling gold to pay expenses, the Trustee will endeavor to sell the smallest amounts of gold needed to pay these expenses in order to minimize the Trust’s holdings of assets other than gold. Other than the Sponsor’s Fee, the Trust had <span id="xdx_90C_eus-gaap--OtherCostAndExpenseOperating_do_c20230701__20230930_zCNYn1HxPng8" title="All other expenses"><span id="xdx_909_eus-gaap--OtherCostAndExpenseOperating_do_c20220701__20220930_zGeO9caRoVZ5" title="All other expenses"><span id="xdx_90B_eus-gaap--OtherCostAndExpenseOperating_do_c20230101__20230930_zFhj0sLHxi8b" title="All other expenses"><span id="xdx_906_eus-gaap--OtherCostAndExpenseOperating_do_c20220101__20220930_z7aqFWCKfSgf" title="All other expenses">no</span></span></span></span> expenses during the three and nine months ended September 30, 2023 and 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless otherwise directed by the Sponsor, when selling gold the Trustee will endeavor to sell at the price established by the LBMA PM Gold Price. The Trustee will place orders with dealers (which may include the Custodian) through which the Trustee expects to receive the most favorable price and execution of orders. The Custodian may be the purchaser of such gold only if the sale transaction is made at the next LBMA PM Gold Price or such other publicly available price that the Sponsor deems fair, in each case as set following the sale order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold. Neither the Trustee nor the Sponsor is liable for depreciation or loss incurred by reason of any sale.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Realized gains and losses result from the transfer of gold for Share redemptions and / or to pay expenses and are recognized on a trade date basis as the difference between the fair value and average cost of gold transferred.</span></p> <p id="xdx_859_zKVcKevu8uBc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eus-gaap--SubsequentEventsPolicyPolicyTextBlock_z4b2Z74nSto5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.8.    <span id="xdx_862_zZjDPZL6BDJ2">Subsequent Events</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with the provisions set forth in FASB ASC 855-10, <i>Subsequent Events</i>, the Trust’s management has evaluated the possibility of subsequent events impacting the Trust’s financial statements through the filing date. During this period, no material subsequent events requiring adjustment to or disclosure in the financial statements were identified. </span></p> <p id="xdx_859_zAYKlnvQXvjl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
</us-gaap:SignificantAccountingPoliciesTextBlock>
<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_844_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zF5TPDJSsMLd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.1.    <span id="xdx_861_zXOSA32hNwGl">Basis of Accounting</span></i></b> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, <i>Financial Services—Investment Companies</i>, and has concluded that for reporting purposes, the Trust is classified as an Investment Company. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.</span></p>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<sgol:ValuationOfBullionPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_841_ecustom--ValuationOfBullionPolicyTextBlock_zEkZmHXLbzPc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.2.    <span id="xdx_868_zEZ6I9Z2zCe8">Valuation of Gold</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust follows the provisions of ASC 820, <i>Fair Value Measurement </i>(“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust's gold is held by JPMorgan Chase Bank, N.A. (the “Custodian”), on behalf of the Trust, at its London, England and Zurich, Switzerland vaulting premises and may also be held at the Zurich, Switzerland vaulting premises of UBS AG, or any other firm selected by the Custodian, to hold the Trust's gold in the Trust's allocated account in the firm's vault premises on a segregated basis. Effective as of the close of business June 20, 2019, the Sponsor approved the addition of London, England as a location where the Custodian may custody allocated gold bullion deposited with and held by the Trust. At September 30, 2023, <span id="xdx_900_ecustom--PercentageOfAssetBeingHeldByTrust_iI_pid_dpn_uPure_c20230930_z7OdT5oQ0Dd9" title="Percentage of gold held by sub-custodians">none</span> of the Trust's gold was held by a sub-custodian.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust's gold is recorded at fair value. The cost of gold is determined according to the average cost method and the fair value is based on the London Bullion Market Association ("LBMA") PM Gold Price. Realized gains and losses on transfers of gold, or gold distributed for the redemption of Shares, are calculated on a trade date basis as the difference between the fair value and average cost of gold transferred.  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The LBMA PM Gold Price is set using the afternoon session of the ICE Benchmark Administration (“IBA”) equilibrium auction, an electronic, tradable and auditable over-the-counter auction market with the ability to participate in US Dollars, Euros or British Pounds for LBMA-authorized participating gold bullion banks or market makers that establishes a reference gold price for that day’s trading.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once the value of  gold has been determined, the net asset value (the “NAV”) is computed by the Trustee by deducting all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s Fee”), from the fair value of the gold and all other assets held by the Trust.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust recognizes changes in fair value of the investment in gold as changes in unrealized gains or losses on investment in gold through the Statement of Operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The per Share amount of gold exchanged for a purchase or redemption is calculated daily by the Trustee using the LBMA PM Gold Price to calculate the gold amount in respect of any liabilities for which covering gold sales have not yet been made, and represents the per Share amount of gold held by the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Fair Value Hierarchy</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ASC 820 establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">– Level 1. Unadjusted quoted prices in active markets for identical assets or liabilities that the Trust has the ability to access.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">– Level 2. Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments and similar data.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">– Level 3. Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Trust’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust’s investment in gold is classified as a level 1 asset, as its value is calculated using unadjusted quoted prices from primary market sources.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_893_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zs59GOnmldej" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zlpMAdOCuR77">The categorization of the Trust’s assets is as shown below:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: italic 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Amounts in 000’s of US$)</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">September 30, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: italic 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment in gold</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_985_eus-gaap--InvestmentInPhysicalCommoditiesFairValueDisclosure_iI_pn3n3_c20230930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zVC81wioSKod" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Investment in gold"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,586,162</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_986_eus-gaap--InvestmentInPhysicalCommoditiesFairValueDisclosure_iI_pn3n3_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zk6D6jkqEGi4" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,427,492</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table> <p id="xdx_8AF_zung5A1rJxmk" style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There were no transfers between levels during the nine months ended September 30, 2023 or the year ended December 31, 2022.</span></p>
</sgol:ValuationOfBullionPolicyTextBlock>
<sgol:PercentageOfAssetBeingHeldByTrust contextRef="AsOf2023-09-30" decimals="INF" unitRef="Pure"> 0 </sgol:PercentageOfAssetBeingHeldByTrust>
<us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_893_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zs59GOnmldej" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zlpMAdOCuR77">The categorization of the Trust’s assets is as shown below:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: italic 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Amounts in 000’s of US$)</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">September 30, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: italic 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment in gold</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_985_eus-gaap--InvestmentInPhysicalCommoditiesFairValueDisclosure_iI_pn3n3_c20230930__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zVC81wioSKod" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right" title="Investment in gold"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,586,162</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td id="xdx_986_eus-gaap--InvestmentInPhysicalCommoditiesFairValueDisclosure_iI_pn3n3_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zk6D6jkqEGi4" style="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,427,492</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table>
</us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock>
<us-gaap:InvestmentInPhysicalCommoditiesFairValueDisclosure contextRef="AsOf2023-09-30_us-gaap_FairValueInputsLevel1Member" decimals="-3" unitRef="USD"> 2586162000 </us-gaap:InvestmentInPhysicalCommoditiesFairValueDisclosure>
<us-gaap:InvestmentInPhysicalCommoditiesFairValueDisclosure contextRef="AsOf2022-12-31_us-gaap_FairValueInputsLevel1Member" decimals="-3" unitRef="USD"> 2427492000 </us-gaap:InvestmentInPhysicalCommoditiesFairValueDisclosure>
<sgol:ReceivableAndPayablePolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_84A_ecustom--ReceivableAndPayablePolicyTextBlock_zIY5ASvsLBXe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.3.    <span id="xdx_86D_zrZi2p7UmX7b">Gold Receivable and Payable</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Trust’s account. Generally, ownership of gold is transferred within two business days of the trade date. At September 30, 2023, the Trust had <span id="xdx_903_ecustom--BullionReceivableAtMarketValue_iI_do_c20230930_zSRSWM3pY9L9" title="Gold receivable">no</span> gold receivable for the creation of Shares and $<span id="xdx_906_ecustom--BullionPayableAtMarketValue_iI_c20230930_zF5m4lydXkTh">3,578,996</span> of gold payable for the redemption of Shares. At December 31, 2022, the Trust had $<span id="xdx_900_ecustom--BullionReceivableAtMarketValue_iI_c20221231_zAMtICQ8TBBl" title="Gold receivable">15,636,662</span> of gold receivable for the creation of Shares and <span id="xdx_90B_ecustom--BullionPayableAtMarketValue_iI_do_c20221231_zYD1iY9vTX6e" title="Gold payable">no</span> gold payable for the redemption of Shares.</span></p>
</sgol:ReceivableAndPayablePolicyTextBlock>
<sgol:BullionReceivableAtMarketValue contextRef="AsOf2023-09-30" decimals="0" unitRef="USD"> 0 </sgol:BullionReceivableAtMarketValue>
<sgol:BullionPayableAtMarketValue contextRef="AsOf2023-09-30" decimals="0" unitRef="USD"> 3578996 </sgol:BullionPayableAtMarketValue>
<sgol:BullionReceivableAtMarketValue contextRef="AsOf2022-12-31" decimals="0" unitRef="USD"> 15636662 </sgol:BullionReceivableAtMarketValue>
<sgol:BullionPayableAtMarketValue contextRef="AsOf2022-12-31" decimals="0" unitRef="USD"> 0 </sgol:BullionPayableAtMarketValue>
<sgol:CreationsAndRedemptionsOfSharesPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_844_ecustom--CreationsAndRedemptionsOfSharesPolicyTextBlock_zIjRP3DigeRg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.4.    <span id="xdx_86F_z9T2FUQMS054">Creations and Redemptions of Shares</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust expects to create and redeem Shares from time to time, but only in one or more Baskets (a Basket equals a block of <span id="xdx_907_ecustom--MinimumBlockOfSharesIssuedRedeemedAgainstBullion_pid_uShares_c20230101__20230930_zugyPyq2qUX" title="Minimum block of shares issued redeemed against gold">100,000</span> Shares). The Trust issues Shares in Baskets to Authorized Participants on an ongoing basis. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions; (2) is a participant in The Depository Trust Company; (3) has entered into an Authorized Participant Agreement with the Trustee and the Sponsor; and (4) has established an Authorized Participant Unallocated Account with the Trust’s Custodian or other gold bullion clearing bank. An Authorized Participant Agreement is an agreement entered into by each Authorized Participant, the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the gold required for such creations and redemptions. An Authorized Participant Unallocated Account is an unallocated gold account, either loco London or loco Zurich, established with the Custodian or a gold bullion clearing bank by an Authorized Participant.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorized Participants may, on any business day, place an order with the Trustee to create or redeem one or more Baskets. The typical settlement period for Shares is two business days. In the event of a trade date at period end, where a settlement is pending, a respective account receivable and/or payable will be recorded. When gold is exchanged in settlement of a redemption, it is considered a sale of gold for financial statement purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The amount of gold represented by the Baskets created or redeemed can only be settled to the nearest 1/1000th of an ounce. As a result, the value attributed to the creation or redemption of Shares may differ from the value of gold to be delivered or distributed by the Trust. In order to ensure that the correct amount of gold is available at all times to back the Shares, the Sponsor accepts an adjustment to its Sponsor Fee in the event of any shortfall or excess on each transaction. For each transaction, this amount is not more than 1/1000th of an ounce of gold.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the Shares of the Trust are subject to redemption at the option of Authorized Participants, the Trust has classified the outstanding Shares as Net Assets. Changes in the number of Shares outstanding are presented in the Statement of Changes in Net Assets.</span></p>
</sgol:CreationsAndRedemptionsOfSharesPolicyTextBlock>
<sgol:MinimumBlockOfSharesIssuedRedeemedAgainstBullion contextRef="From2023-01-01to2023-09-30" decimals="INF" unitRef="Shares"> 100000 </sgol:MinimumBlockOfSharesIssuedRedeemedAgainstBullion>
<us-gaap:IncomeTaxPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_849_eus-gaap--IncomeTaxPolicyTextBlock_zw4Ooy6xwblg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.5.    <span id="xdx_861_zJoCDHfkLPK1">Income Taxes</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, the Trust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to the Internal Revenue Service on that basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that <span id="xdx_904_eus-gaap--LiabilityForUncertainTaxPositionsNoncurrent_iI_do_c20230930_ztHLH4OyHR3e" title="Reserve for uncertain tax positions"><span id="xdx_904_eus-gaap--LiabilityForUncertainTaxPositionsNoncurrent_iI_do_c20221231_zCxmIm4oxAP4" title="Reserve for uncertain tax positions">no</span></span> reserves for uncertain tax positions are required as of September 30, 2023 or December 31, 2022.</span></p>
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<us-gaap:LiabilityForUncertainTaxPositionsNoncurrent contextRef="AsOf2023-09-30" decimals="0" unitRef="USD"> 0 </us-gaap:LiabilityForUncertainTaxPositionsNoncurrent>
<us-gaap:LiabilityForUncertainTaxPositionsNoncurrent contextRef="AsOf2022-12-31" decimals="0" unitRef="USD"> 0 </us-gaap:LiabilityForUncertainTaxPositionsNoncurrent>
<us-gaap:InvestmentPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_84D_eus-gaap--InvestmentPolicyTextBlock_zmNKL39zID" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.6.    <span id="xdx_869_z23h4R1OkoJ6">Investment in Gold</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_890_ecustom--InvestmentsInBullionTableTextBlock_zPMaAFYhSqXg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B1_zzrHDDcln3ye">Changes in ounces of gold and their respective values for the three and nine months ended September 30, 2023 and 2022 are set out below:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230701__20230930_znIXtjaf21i2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220701__20220930_zXajTkwnSDqc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">(Amounts in 000’s of US$, except for ounces data)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ounces of gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iS_pp1p0_uOZ_zIWdOFjT49wj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,421,487.7</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,428,702.0</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CreationsOuncesOfBullion_pdp0_uOZ_zi6lbdKwJheg" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0383">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0384">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--RedemptionsOuncesOfBullion_pp1p0_uOZ_ziVDc9cgsr5d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(38,278.6</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(80,517.0</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--TransfersOfBullionOunces_pp1p0_uOZ_zoRVM9wFeam8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Transfers of gold to pay expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(604.6</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(603.3</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iE_pp1p0_uOZ_zVTcArYxNfOi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,382,604.5</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,347,581.7</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230701__20230930_z1E1FNJldEhj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220701__20220930_zCsOm9XNhQFd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Investment in gold</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentInPhysicalCommodities_iS_pn3n3_uUSD_zz3qVOWiWJVg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,718,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,595,951</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--CreationsValueOfBullion_pn3n3_uUSD_z4QcAHLfXgg5" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0402">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0403">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_iN_pn3n3_di_uUSD_zoKpuTu4suce" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(73,689</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(138,659</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--RealizedGainLossOnBullionDistributedForRedemptionOfShares_pn3n3_uUSD_z2RI8FrH7UBg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Realized gain on gold distributed for the redemption of Shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,594</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,881</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--CostOfBullionTransferredToPayExpenses_iN_pn3n3_di_uUSD_zI7RGHZRt5Nf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Transfers of gold to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,171</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,073</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--GainLossOnSaleOfTrustAssetsToPayExpenses_pn3n3_uUSD_z42bsNraKIGd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Realized gain on gold transferred to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">190</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ChangeInUnrealizedGainLossOnInvestmentInBullion_pn3n3_uUSD_zMzJPNp8S9vi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in unrealized (loss) on investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(69,008</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(215,404</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_pn3n3_uUSD_zAR8qo5kfN8f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in unrealized gain on unsettled creations or redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0421">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--InvestmentInPhysicalCommodities_iE_pn3n3_uUSD_zMGgrDLjnUsc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,586,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,252,820</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20230101__20230930_zeb23o3r9Hlf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months<br/> Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220101__20220930_zGxnUjFj82vj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months<br/> Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">(Amounts in 000’s of US$, except for ounces data)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ounces of gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iS_pp1p0_uOZ_zaeVtR7bdNTi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,338,383.1</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,324,350.2</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--CreationsOuncesOfBullion_pp1p0_uOZ_zKtxZW2w0qci" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,120.2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,395.3</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--RedemptionsOuncesOfBullion_pp1p0_uOZ_zbA6eb6g7kvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(109,149.1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(130,383.5</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_ecustom--TransfersOfBullionOunces_pp1p0_uOZ_z7WdE63KvVsc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Transfers of gold to pay expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,749.7</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,780.3</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iE_pp1p0_uOZ_zdV9xa8BsmH1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,382,604.5</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,347,581.7</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentInPhysicalCommodities_iS_pn3n3_uUSD_zvBDcErMXcNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Opening balance</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,427,492</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,391,578</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--CreationsValueOfBullion_pn3n3_uUSD_zSY6LNQe7ff" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">303,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">295,784</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_iN_pn3n3_di_uUSD_zKfLp6s5yEW7" style="vertical-align: bottom; background-color: White"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(208,121</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(231,457</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--RealizedGainLossOnBullionDistributedForRedemptionOfShares_pn3n3_uUSD_z0i4larg7jSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Realized gain on gold distributed for the redemption of Shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">33,199</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,399</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--CostOfBullionTransferredToPayExpenses_iN_pn3n3_di_uUSD_zfMZZA7c3j4e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Transfers of gold to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,359</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,275</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnSaleOfTrustAssetsToPayExpenses_pn3n3_uUSD_zxGptDgzyoA4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Realized gain on gold transferred to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">547</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">493</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--ChangeInUnrealizedGainLossOnInvestmentInBullion_pn3n3_uUSD_zfEKIYwfmui8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in unrealized gain / (loss) on investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,775</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(226,702</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_pn3n3_uUSD_zEpIXjX0yOf3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in unrealized gain on unsettled creations or redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0463">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--InvestmentInPhysicalCommodities_iE_pn3n3_uUSD_zmkp3BqfN5x9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,586,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,252,820</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A0_z8TH1Woag79b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
</us-gaap:InvestmentPolicyTextBlock>
<sgol:InvestmentsInBullionTableTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_890_ecustom--InvestmentsInBullionTableTextBlock_zPMaAFYhSqXg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B1_zzrHDDcln3ye">Changes in ounces of gold and their respective values for the three and nine months ended September 30, 2023 and 2022 are set out below:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230701__20230930_znIXtjaf21i2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220701__20220930_zXajTkwnSDqc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">(Amounts in 000’s of US$, except for ounces data)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ounces of gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iS_pp1p0_uOZ_zIWdOFjT49wj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,421,487.7</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,428,702.0</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--CreationsOuncesOfBullion_pdp0_uOZ_zi6lbdKwJheg" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0383">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0384">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--RedemptionsOuncesOfBullion_pp1p0_uOZ_ziVDc9cgsr5d" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(38,278.6</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(80,517.0</td><td style="text-align: left">)</td></tr> <tr id="xdx_403_ecustom--TransfersOfBullionOunces_pp1p0_uOZ_zoRVM9wFeam8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Transfers of gold to pay expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(604.6</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(603.3</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iE_pp1p0_uOZ_zVTcArYxNfOi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,382,604.5</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; padding-bottom: 2.5pt; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,347,581.7</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_494_20230701__20230930_z1E1FNJldEhj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220701__20220930_zCsOm9XNhQFd" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three Months Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Investment in gold</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentInPhysicalCommodities_iS_pn3n3_uUSD_zz3qVOWiWJVg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,718,240</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">2,595,951</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--CreationsValueOfBullion_pn3n3_uUSD_z4QcAHLfXgg5" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0402">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0403">—</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_iN_pn3n3_di_uUSD_zoKpuTu4suce" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(73,689</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(138,659</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--RealizedGainLossOnBullionDistributedForRedemptionOfShares_pn3n3_uUSD_z2RI8FrH7UBg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Realized gain on gold distributed for the redemption of Shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,594</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,881</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--CostOfBullionTransferredToPayExpenses_iN_pn3n3_di_uUSD_zI7RGHZRt5Nf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Transfers of gold to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,171</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,073</td><td style="text-align: left">)</td></tr> <tr id="xdx_40D_eus-gaap--GainLossOnSaleOfTrustAssetsToPayExpenses_pn3n3_uUSD_z42bsNraKIGd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Realized gain on gold transferred to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">190</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">124</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ChangeInUnrealizedGainLossOnInvestmentInBullion_pn3n3_uUSD_zMzJPNp8S9vi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Change in unrealized (loss) on investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(69,008</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(215,404</td><td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_pn3n3_uUSD_zAR8qo5kfN8f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Change in unrealized gain on unsettled creations or redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0421">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--InvestmentInPhysicalCommodities_iE_pn3n3_uUSD_zMGgrDLjnUsc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,586,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,252,820</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="margin-top: 0; margin-bottom: 0"> </p> <p style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20230101__20230930_zeb23o3r9Hlf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months<br/> Ended<br/> September 30, 2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20220101__20220930_zGxnUjFj82vj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nine Months<br/> Ended<br/> September 30, 2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-style: italic; text-align: left">(Amounts in 000’s of US$, except for ounces data)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Ounces of gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iS_pp1p0_uOZ_zaeVtR7bdNTi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 70%; text-align: left">Opening balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,338,383.1</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">1,324,350.2</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--CreationsOuncesOfBullion_pp1p0_uOZ_zKtxZW2w0qci" style="vertical-align: bottom; background-color: White"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,120.2</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,395.3</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--RedemptionsOuncesOfBullion_pp1p0_uOZ_zbA6eb6g7kvd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(109,149.1</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(130,383.5</td><td style="text-align: left">)</td></tr> <tr id="xdx_409_ecustom--TransfersOfBullionOunces_pp1p0_uOZ_z7WdE63KvVsc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Transfers of gold to pay expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,749.7</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,780.3</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--InvestmentOwnedBalanceOtherMeasure_iE_pp1p0_uOZ_zdV9xa8BsmH1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,382,604.5</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">1,347,581.7</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--InvestmentInPhysicalCommodities_iS_pn3n3_uUSD_zvBDcErMXcNg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Opening balance</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,427,492</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,391,578</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--CreationsValueOfBullion_pn3n3_uUSD_zSY6LNQe7ff" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Creations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">303,623</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">295,784</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_iN_pn3n3_di_uUSD_zKfLp6s5yEW7" style="vertical-align: bottom; background-color: White"> <td>Redemptions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(208,121</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(231,457</td><td style="text-align: left">)</td></tr> <tr id="xdx_400_ecustom--RealizedGainLossOnBullionDistributedForRedemptionOfShares_pn3n3_uUSD_z0i4larg7jSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Realized gain on gold distributed for the redemption of Shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">33,199</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,399</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--CostOfBullionTransferredToPayExpenses_iN_pn3n3_di_uUSD_zfMZZA7c3j4e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Transfers of gold to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,359</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,275</td><td style="text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GainLossOnSaleOfTrustAssetsToPayExpenses_pn3n3_uUSD_zxGptDgzyoA4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Realized gain on gold transferred to pay expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">547</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">493</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--ChangeInUnrealizedGainLossOnInvestmentInBullion_pn3n3_uUSD_zfEKIYwfmui8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Change in unrealized gain / (loss) on investment in gold</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,775</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(226,702</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_ecustom--ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_pn3n3_uUSD_zEpIXjX0yOf3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Change in unrealized gain on unsettled creations or redemptions</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">6</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0463">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--InvestmentInPhysicalCommodities_iE_pn3n3_uUSD_zmkp3BqfN5x9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Closing balance</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,586,162</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,252,820</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
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<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2023-06-30" decimals="1" unitRef="OZ"> 1421487.7 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2022-06-30" decimals="1" unitRef="OZ"> 1428702.0 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<sgol:RedemptionsOuncesOfBullion contextRef="From2023-07-012023-09-30" decimals="1" unitRef="OZ"> -38278.6 </sgol:RedemptionsOuncesOfBullion>
<sgol:RedemptionsOuncesOfBullion contextRef="From2022-07-012022-09-30" decimals="1" unitRef="OZ"> -80517.0 </sgol:RedemptionsOuncesOfBullion>
<sgol:TransfersOfBullionOunces contextRef="From2023-07-012023-09-30" decimals="1" unitRef="OZ"> -604.6 </sgol:TransfersOfBullionOunces>
<sgol:TransfersOfBullionOunces contextRef="From2022-07-012022-09-30" decimals="1" unitRef="OZ"> -603.3 </sgol:TransfersOfBullionOunces>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2023-09-30" decimals="1" unitRef="OZ"> 1382604.5 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2022-09-30" decimals="1" unitRef="OZ"> 1347581.7 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2023-06-30" decimals="-3" unitRef="USD"> 2718240000 </us-gaap:InvestmentInPhysicalCommodities>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2022-06-30" decimals="-3" unitRef="USD"> 2595951000 </us-gaap:InvestmentInPhysicalCommodities>
<sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable contextRef="From2023-07-012023-09-30" decimals="-3" unitRef="USD"> 73689000 </sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable>
<sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable contextRef="From2022-07-012022-09-30" decimals="-3" unitRef="USD"> 138659000 </sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable>
<sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares contextRef="From2023-07-012023-09-30" decimals="-3" unitRef="USD"> 11594000 </sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares>
<sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares contextRef="From2022-07-012022-09-30" decimals="-3" unitRef="USD"> 11881000 </sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares>
<sgol:CostOfBullionTransferredToPayExpenses contextRef="From2023-07-012023-09-30" decimals="-3" unitRef="USD"> 1171000 </sgol:CostOfBullionTransferredToPayExpenses>
<sgol:CostOfBullionTransferredToPayExpenses contextRef="From2022-07-012022-09-30" decimals="-3" unitRef="USD"> 1073000 </sgol:CostOfBullionTransferredToPayExpenses>
<us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses contextRef="From2023-07-012023-09-30" decimals="-3" unitRef="USD"> 190000 </us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses>
<us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses contextRef="From2022-07-012022-09-30" decimals="-3" unitRef="USD"> 124000 </us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses>
<sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion contextRef="From2023-07-012023-09-30" decimals="-3" unitRef="USD"> -69008000 </sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion>
<sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion contextRef="From2022-07-012022-09-30" decimals="-3" unitRef="USD"> -215404000 </sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion>
<sgol:ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions contextRef="From2023-07-012023-09-30" decimals="-3" unitRef="USD"> 6000 </sgol:ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2023-09-30" decimals="-3" unitRef="USD"> 2586162000 </us-gaap:InvestmentInPhysicalCommodities>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2022-09-30" decimals="-3" unitRef="USD"> 2252820000 </us-gaap:InvestmentInPhysicalCommodities>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2022-12-31" decimals="1" unitRef="OZ"> 1338383.1 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2021-12-31" decimals="1" unitRef="OZ"> 1324350.2 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<sgol:CreationsOuncesOfBullion contextRef="From2023-01-01to2023-09-30" decimals="1" unitRef="OZ"> 155120.2 </sgol:CreationsOuncesOfBullion>
<sgol:CreationsOuncesOfBullion contextRef="From2022-01-012022-09-30" decimals="1" unitRef="OZ"> 155395.3 </sgol:CreationsOuncesOfBullion>
<sgol:RedemptionsOuncesOfBullion contextRef="From2023-01-01to2023-09-30" decimals="1" unitRef="OZ"> -109149.1 </sgol:RedemptionsOuncesOfBullion>
<sgol:RedemptionsOuncesOfBullion contextRef="From2022-01-012022-09-30" decimals="1" unitRef="OZ"> -130383.5 </sgol:RedemptionsOuncesOfBullion>
<sgol:TransfersOfBullionOunces contextRef="From2023-01-01to2023-09-30" decimals="1" unitRef="OZ"> -1749.7 </sgol:TransfersOfBullionOunces>
<sgol:TransfersOfBullionOunces contextRef="From2022-01-012022-09-30" decimals="1" unitRef="OZ"> -1780.3 </sgol:TransfersOfBullionOunces>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2023-09-30" decimals="1" unitRef="OZ"> 1382604.5 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<us-gaap:InvestmentOwnedBalanceOtherMeasure contextRef="AsOf2022-09-30" decimals="1" unitRef="OZ"> 1347581.7 </us-gaap:InvestmentOwnedBalanceOtherMeasure>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2022-12-31" decimals="-3" unitRef="USD"> 2427492000 </us-gaap:InvestmentInPhysicalCommodities>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2021-12-31" decimals="-3" unitRef="USD"> 2391578000 </us-gaap:InvestmentInPhysicalCommodities>
<sgol:CreationsValueOfBullion contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 303623000 </sgol:CreationsValueOfBullion>
<sgol:CreationsValueOfBullion contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> 295784000 </sgol:CreationsValueOfBullion>
<sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 208121000 </sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable>
<sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> 231457000 </sgol:ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable>
<sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 33199000 </sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares>
<sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> 26399000 </sgol:RealizedGainLossOnBullionDistributedForRedemptionOfShares>
<sgol:CostOfBullionTransferredToPayExpenses contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 3359000 </sgol:CostOfBullionTransferredToPayExpenses>
<sgol:CostOfBullionTransferredToPayExpenses contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> 3275000 </sgol:CostOfBullionTransferredToPayExpenses>
<us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 547000 </us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses>
<us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> 493000 </us-gaap:GainLossOnSaleOfTrustAssetsToPayExpenses>
<sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 32775000 </sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion>
<sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion contextRef="From2022-01-012022-09-30" decimals="-3" unitRef="USD"> -226702000 </sgol:ChangeInUnrealizedGainLossOnInvestmentInBullion>
<sgol:ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions contextRef="From2023-01-01to2023-09-30" decimals="-3" unitRef="USD"> 6000 </sgol:ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2023-09-30" decimals="-3" unitRef="USD"> 2586162000 </us-gaap:InvestmentInPhysicalCommodities>
<us-gaap:InvestmentInPhysicalCommodities contextRef="AsOf2022-09-30" decimals="-3" unitRef="USD"> 2252820000 </us-gaap:InvestmentInPhysicalCommodities>
<sgol:ExpensesPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_84B_ecustom--ExpensesPolicyTextBlock_zJTehxbwG4Sj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.7.    <span id="xdx_869_ztSQDL3jveGk">Expenses / Realized Gains / Losses</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The primary expense of the Trust is the Sponsor’s Fee, which is paid by the Trust through in-kind transfers of gold to the Sponsor.<br/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust will transfer gold to the Sponsor to pay the Sponsor’s Fee that accrues daily at an annualized rate equal to <span id="xdx_905_ecustom--AnnualizedRateOfSponsorsFee_pid_dp_uPure_c20230101__20230930_zQDL7mvr3zba" title="Expense ratio">0.17</span>% of the adjusted daily net asset value ("ANAV") of the Trust, paid monthly in arrears. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and out of pocket expenses, the Custodian’s fee and the reimbursement of the Custodian’s expenses, exchange listing fees, United States Securities and Exchange Commission (the “SEC”) registration fees, printing and mailing costs, audit fees and up to $<span id="xdx_906_ecustom--MaximumSponsorFeeForLegalExpenses_c20230101__20230930_zml8qdK8IuIc" title="Maximum sponsor fee for legal expenses">100,000</span> per annum in legal expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the three months ended September 30, 2023 and 2022, the Sponsor’s Fee was $<span id="xdx_90D_eus-gaap--SponsorFees_c20230701__20230930_zUixKFSVjyBa" title="Sponsor's Fee">1,150,959</span> and $<span id="xdx_908_eus-gaap--SponsorFees_c20220701__20220930_znLnqPEtYibg" title="Sponsor's Fee">1,029,225</span>, respectively. For the nine months ended September 30, 2023 and 2022, the Sponsor’s Fee was $<span id="xdx_908_eus-gaap--SponsorFees_c20230101__20230930_z7Csce35UIsi" title="Sponsor's Fee">3,375,197</span> and $<span id="xdx_909_eus-gaap--SponsorFees_c20220101__20220930_zrEkVVURowf3" title="Sponsor's Fee">3,248,407</span>, respectively.  </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At September 30, 2023 and at December 31, 2022, the fees payable to the Sponsor were $<span id="xdx_902_eus-gaap--AccountsPayableCurrent_iI_c20230930_z2rcLwXuj76e" title="Fees payable to Sponsor">361,603</span> and $<span id="xdx_902_eus-gaap--AccountsPayableCurrent_iI_c20221231_z8ggKtYT0er8" title="Fees payable to Sponsor">346,303</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">With respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s gold as necessary to pay these expenses. When selling gold to pay expenses, the Trustee will endeavor to sell the smallest amounts of gold needed to pay these expenses in order to minimize the Trust’s holdings of assets other than gold. Other than the Sponsor’s Fee, the Trust had <span id="xdx_90C_eus-gaap--OtherCostAndExpenseOperating_do_c20230701__20230930_zCNYn1HxPng8" title="All other expenses"><span id="xdx_909_eus-gaap--OtherCostAndExpenseOperating_do_c20220701__20220930_zGeO9caRoVZ5" title="All other expenses"><span id="xdx_90B_eus-gaap--OtherCostAndExpenseOperating_do_c20230101__20230930_zFhj0sLHxi8b" title="All other expenses"><span id="xdx_906_eus-gaap--OtherCostAndExpenseOperating_do_c20220101__20220930_z7aqFWCKfSgf" title="All other expenses">no</span></span></span></span> expenses during the three and nine months ended September 30, 2023 and 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless otherwise directed by the Sponsor, when selling gold the Trustee will endeavor to sell at the price established by the LBMA PM Gold Price. The Trustee will place orders with dealers (which may include the Custodian) through which the Trustee expects to receive the most favorable price and execution of orders. The Custodian may be the purchaser of such gold only if the sale transaction is made at the next LBMA PM Gold Price or such other publicly available price that the Sponsor deems fair, in each case as set following the sale order. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold. Neither the Trustee nor the Sponsor is liable for depreciation or loss incurred by reason of any sale.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Realized gains and losses result from the transfer of gold for Share redemptions and / or to pay expenses and are recognized on a trade date basis as the difference between the fair value and average cost of gold transferred.</span></p>
</sgol:ExpensesPolicyTextBlock>
<sgol:AnnualizedRateOfSponsorsFee contextRef="From2023-01-01to2023-09-30" decimals="INF" unitRef="Pure"> 0.0017 </sgol:AnnualizedRateOfSponsorsFee>
<sgol:MaximumSponsorFeeForLegalExpenses contextRef="From2023-01-01to2023-09-30" decimals="0" unitRef="USD"> 100000 </sgol:MaximumSponsorFeeForLegalExpenses>
<us-gaap:SponsorFees contextRef="From2023-07-012023-09-30" decimals="0" unitRef="USD"> 1150959 </us-gaap:SponsorFees>
<us-gaap:SponsorFees contextRef="From2022-07-012022-09-30" decimals="0" unitRef="USD"> 1029225 </us-gaap:SponsorFees>
<us-gaap:SponsorFees contextRef="From2023-01-01to2023-09-30" decimals="0" unitRef="USD"> 3375197 </us-gaap:SponsorFees>
<us-gaap:SponsorFees contextRef="From2022-01-012022-09-30" decimals="0" unitRef="USD"> 3248407 </us-gaap:SponsorFees>
<us-gaap:AccountsPayableCurrent contextRef="AsOf2023-09-30" decimals="0" unitRef="USD"> 361603 </us-gaap:AccountsPayableCurrent>
<us-gaap:AccountsPayableCurrent contextRef="AsOf2022-12-31" decimals="0" unitRef="USD"> 346303 </us-gaap:AccountsPayableCurrent>
<us-gaap:OtherCostAndExpenseOperating contextRef="From2023-07-012023-09-30" decimals="0" unitRef="USD"> 0 </us-gaap:OtherCostAndExpenseOperating>
<us-gaap:OtherCostAndExpenseOperating contextRef="From2022-07-012022-09-30" decimals="0" unitRef="USD"> 0 </us-gaap:OtherCostAndExpenseOperating>
<us-gaap:OtherCostAndExpenseOperating contextRef="From2023-01-01to2023-09-30" decimals="0" unitRef="USD"> 0 </us-gaap:OtherCostAndExpenseOperating>
<us-gaap:OtherCostAndExpenseOperating contextRef="From2022-01-012022-09-30" decimals="0" unitRef="USD"> 0 </us-gaap:OtherCostAndExpenseOperating>
<us-gaap:SubsequentEventsPolicyPolicyTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_840_eus-gaap--SubsequentEventsPolicyPolicyTextBlock_z4b2Z74nSto5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>2.8.    <span id="xdx_862_zZjDPZL6BDJ2">Subsequent Events</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with the provisions set forth in FASB ASC 855-10, <i>Subsequent Events</i>, the Trust’s management has evaluated the possibility of subsequent events impacting the Trust’s financial statements through the filing date. During this period, no material subsequent events requiring adjustment to or disclosure in the financial statements were identified. </span></p>
</us-gaap:SubsequentEventsPolicyPolicyTextBlock>
<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_806_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zDsCnopKfAi3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3.    <span id="xdx_822_zM3T6Bp6EbNd">Related Parties</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee and the Custodian and their affiliates may from time to time act as Authorized Participants and purchase or sell Shares for their own account, as agent for their customers and for accounts over which they exercise investment discretion. In addition, the Trustee and the Custodian and their affiliates may from time to time purchase or sell gold directly, for their own account, as agent for their customers and for accounts over which they exercise investment discretion. The Trustee’s and Custodian’s fees are paid by the Sponsor and are not separate expenses of the Trust. </span></p>
</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
<us-gaap:ConcentrationRiskDisclosureTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_80F_eus-gaap--ConcentrationRiskDisclosureTextBlock_zKvXXXl5FGU1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4.    <span id="xdx_82D_zbTywdHPldAl">Concentration of Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust’s sole business activity is the investment in gold, and substantially all the Trust’s assets are holdings of gold, which creates a concentration of risk associated with fluctuations in the price of gold. Several factors could affect the price of gold, including: (i) global gold supply and demand, which is influenced by factors such as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major global gold-producing countries; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; and (vi) global or regional political, economic or financial events and situations. In addition, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on the Trust’s financial position and results of operations. </span></p>
</us-gaap:ConcentrationRiskDisclosureTextBlock>
<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2023-01-01to2023-09-30">
<p id="xdx_800_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zCiJTKp626Hi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5.    <span id="xdx_82B_zzCcxlYDFNqa">Indemnification</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under the Trust’s organizational documents, the Trustee (and its directors, employees and agents) and the Sponsor (and its members, managers, directors, officers, employees and affiliates) are indemnified by the Trust against any liability, cost or expense it incurs without gross negligence, bad faith, willful misconduct or willful malfeasance on its part and without reckless disregard on its part of its obligations and duties under the Trust’s organizational documents. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred. </span></p>
</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
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<link:footnote id="Footnote000071" xlink:label="Footnote000071" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US">
Authorized share capital is <xhtml:span id="xdx_90E_eus-gaap--CommonStockSharesAuthorizedUnlimited_dxL_c20230101__20230930_zLQmh23AHWzi" title="Common stock, shares authorized::XDX::Unlimited"><xhtml:span id="xdx_905_eus-gaap--CommonStockSharesAuthorizedUnlimited_dxL_c20220101__20221231_zv1lQLn6seU7" title="Common stock, shares authorized::XDX::Unlimited"><xhtml:span style="-sec-ix-hidden: xdx2ixbrl0073"><xhtml:span style="-sec-ix-hidden: xdx2ixbrl0075">unlimited</xhtml:span></xhtml:span></xhtml:span></xhtml:span> with <xhtml:span id="xdx_908_eus-gaap--CommonStockNoParValue_iI_pid_do_uUSDPShares_c20221231_z8XeyhEutRwg" title="Common stock, par value (in dollars per share)"><xhtml:span id="xdx_908_eus-gaap--CommonStockNoParValue_iI_pid_do_uUSDPShares_c20230930_ziTgdIK4BOJ2" title="Common stock, par value (in dollars per share)">no</xhtml:span></xhtml:span> par value per Share. Shares issued and outstanding at September 30, 2023 were <xhtml:span id="xdx_905_eus-gaap--CommonStockSharesIssued_iI_pid_uShares_c20230930_zwSheJYRXR0e" title="Common stock, shares issued"><xhtml:span id="xdx_904_eus-gaap--CommonStockSharesOutstanding_iI_pid_uShares_c20230930_zXMFGKrPJ3a1" title="Common stock, shares outstanding">144,300,000</xhtml:span></xhtml:span> and at December 31, 2022 were <xhtml:span id="xdx_90F_eus-gaap--CommonStockSharesOutstanding_iI_pid_uShares_c20221231_zYQWH0EJUIJ1" title="Common stock, shares outstanding"><xhtml:span id="xdx_907_eus-gaap--CommonStockSharesIssued_iI_pid_uShares_c20221231_zFxO6FZ37Bv6" title="Common stock, shares issued">140,600,000</xhtml:span></xhtml:span>. Net asset values per Share at September 30, 2023 and December 31, 2022 were <xhtml:span id="xdx_906_eus-gaap--NetAssetValuePerShare_iI_pid_uUSDPShares_c20230930_zZxwcU8Uaxqd" title="Net asset value per share (in dollars per share)">$17.89</xhtml:span> and <xhtml:span id="xdx_90C_eus-gaap--NetAssetValuePerShare_iI_pid_uUSDPShares_c20221231_zHTZIAeghymc" title="Net asset value per share (in dollars per share)">$17.37</xhtml:span>, respectively.
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<link:footnote id="Footnote000322" xlink:label="Footnote000322" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Annualized for periods less than one year. </link:footnote>
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<link:footnote id="Footnote000323" xlink:label="Footnote000323" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:type="resource" xml:lang="en-US"> Total return is not annualized. </link:footnote>
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</xbrl>

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