Holdings of the iShares Gold Trust
The fund holds only physical gold bullion stored in allocated form in secure vaults. As of mid-November 2025, the trust contained 483.28 tons of gold, equal to 15,537,684.23 ounces. It does not hold any gold futures or gold stocks.
A key operational detail is the basket amount, listed at 941.88 on the same date. This figure represents how much gold (in ounces) is exchanged when authorized participants create or redeem a basket of shares.
Should I invest in the iShares Gold Trust
If you want long-term exposure to gold without owning physical bullion, the fund remains a reliable way to do it. While it is no longer the cheapest gold ETF on the market, it still provides straightforward access to spot gold prices through a large, liquid vehicle backed by physical bars.
As with any gold investment, the usual characteristics apply: Gold can hedge against inflation, geopolitical risk, and currency weakness, and its low correlation to stocks and bonds may help diversify a portfolio. At the same time, investors should expect price volatility and should understand that the fund’s performance will reflect gold’s movements, not income growth or cash flow.