GraniteShares Gold Trust reported significant financial performance for the quarter ending March 31, 2025, with a net asset value (NAV) of $1,041.9 million, reflecting a 23.08% increase from $846.6 million at the end of the previous quarter. This growth was primarily driven by a 19.31% rise in the price of gold, which increased from $2,610.85 to $3,115.10 during the same period. The Trust's net asset value per share also rose to $30.74, up from $25.77, marking a 19.29% increase. The Trust's total assets, primarily consisting of gold bullion valued at $1,042.1 million, accounted for 100.01% of its net assets.
Comparatively, the Trust's performance over the nine months ending March 31, 2025, showed a 31.72% increase in NAV from $791.0 million on June 30, 2024. This increase was attributed to a 33.64% rise in gold prices during the same period, despite a slight decrease in the number of shares outstanding from 34.35 million to 33.90 million. The net increase in net assets resulting from operations for the nine-month period was $258.8 million, driven by an unrealized gain on gold investments of $233.2 million.
Operationally, the Trust experienced a net increase of 1.05 million shares outstanding during the quarter, resulting from 37 creation orders and 16 redemption orders. The Trust's total expenses for the quarter were limited to the Sponsor's fees, which amounted to $403,252, representing 0.043% of the average weighted net assets. The Trust had no other expenses during this period, maintaining a streamlined operational structure.
Looking ahead, GraniteShares Gold Trust remains focused on its investment strategy centered on gold bullion. The Trust's management has indicated that it does not foresee any significant changes in liquidity needs or operational challenges. The Trust's performance is closely tied to fluctuations in gold prices, and while the current outlook appears positive, management acknowledges the inherent risks associated with gold investments, including market volatility and economic conditions that could impact gold prices.
In summary, GraniteShares Gold Trust has demonstrated strong financial growth in the recent quarter and nine-month period, driven by rising gold prices and effective management of its assets. The Trust continues to operate with a clear focus on gold investments, positioning itself to navigate potential market fluctuations while maintaining a stable operational framework.
About GraniteShares Gold Trust
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