Last Updated : 20 September 2009 at 15:30 IST

SPDR Gold Trust bullion holdings rise by 8.85 tonnes

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LONDON (Commodity Online): Investor holdings in our ten monitored gold-backed exchange-traded funds were seen increasing 15.011 tonnes (482,624 ounces) or 0.96 pct in the week from September 10th up to September 18th, in-house calculations based on official data showed on Friday, reports goldessential.com.

Five of the ten ETF’s announced an inflow and three ‘no change’ in physical holdings. Two of the monitored funds reported a decline in holdings over the reported period.

The largest move in absolute numbers and percentages was seen in the world’s largest bullion backed exchange traded fund, the SPDR Gold trust, where 284,500 ounces or 8.85 tonnes (+0.82 pct) were added over the last week.

On the second place in terms of absolute inflows stood the equally by ETF Securities marketed London-listed Gold Bullion Securities (GBS), where 73,532 ounces or 2.29 tonnes (+1.77 pct) were coming in. The equally by ETF Securities marketed Metal Securities ETF saw holdings up 54,592 ounces or 1.70 tonnes (+1.54 pct). Smaller increases were seen in the Swiss based Julius Baer Physical Gold ETF and the South-African listed NewGold Debentures, respectively at 36,400 ounces or 1.13 tonnes (+1.76 pct) and 35,178 ounces or 1.09 tonnes (+2.49 pct).

Minor decreases were witnessed in the Central Gold Trust and the by ETF Securities marketed Australian Gold ETF, where 1,175 ounces or 0.04 tonnes (-0.30 pct) and 403 ounces or 0.01 tonnes (-0.09 pct) were removed from vaults.

All other monitored ETF’s reported no changes over the monitored interval. Jointly, the ten monitored gold-backed exchange traded funds as such rose 0.96 pct over the latest week, thereby extending gains a revised (*) gain of 0.48 pct in the prior week and posting the fifth consecutive weekly gain. Total monitored holdings were now at 1,580.33 tonnes, a fresh record high and up around 0.2 pct from a previous record high of 1,576.72 tonnes in the week to June 12th.

On a rolling month basis, the best performance (in percent) was seen in the ETFS Metal Securities ETF (+21.22 pct). On the second place stood the Julius Baer Physical Gold ETF (+11.20 pct). The third place was for the Australian GOLD (ETF Securities) (+3.55 pct) and the fourth for the South-African NewGold Debentures (+3.04 pct). The worst performance was seen in the Central Gold Trust (-0.30 pct) (Aug 21).