INVESTMENT IN GOLD (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Investments [Abstract]

Schedule of valuation of investments

The following represents the changes in ounces of gold and the respective fair value during the three months ended March 31, 2019:

	Amount in ounces			Amount in US$
Opening balance		69,462.3		$	89,026,308
Creations		13,488.5			17,396,805
Redemptions		—			—
Transfer of gold to pay expenses		(32.1	)		(40,927	)
Change in unrealized appreciation/depreciation on investment in gold		—			1,030,713
Balance at March 31, 2019		82,918.7		$	107,412,899