Performance data is updated to 31 May 2026.
Gold Bullion ETF (GXLD) — Review & Analysis
GXLD is the cheapest gold ETF on the ASX at 0.15% p.a., undercutting iShares' GLDN (0.18%), VanEck's NUGG (0.25%), and Global X's own legacy GOLD product (0.40%). AUM has grown rapidly to $648.96 million as investors rotate from higher-fee gold ETFs to this lower-cost share class. Compare GXLD against every other gold option on our commodities and resources ETF page.
GXLD's structure mirrors GOLD — physical gold bullion held in a London vault, redeemable per the fund's prospectus. The differentiator is purely fee.
Over a 20-year hold, the 25bp gap between GXLD and GOLD compounds into roughly 5% in cumulative cost savings. For investors using gold as a long-term diversifier, GXLD has emerged as the default choice unless trading liquidity is a priority — in which case the older GOLD maintains the deeper order book.
The unhedged structure means GXLD also provides indirect USD exposure, since gold trades in US dollars globally. Our gold and precious metal ETF options guide covers every gold ETF on the ASX side-by-side.
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There are 28 commodity and resource ETFs listed on the ASX, collectively managing $21.6 billion in assets. They span five broad categories: Precious Metals, Australian Resources, Specialty & Transition Metals, Uranium & Energy, and Soft Commodities.
Comparing Gold & Precious Metal ETF Options on the ASX: A 2026 Guide for Australian Investors
Gold and precious metals have been shining stars in portfolios amid 2026's volatile markets. With geopolitical tensions, inflation concerns, and a booming commodity cycle, many Aussies are turning to ETFs for easy, low-cost exposure. But with over a dozen gold-focused options on the ASX, which one fits your strategy?
Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| GOLD | Global X Physical Gold | +22.27% |
| PMGOLD | Perth Mint Gold | +22.50% |
| ETPMAG | Physical Silver | +103.79% |
| GDX | VanEck Gold Miners ETF | +60.85% |
| QAU | Gold Bullion Currency Hedged ETF | +34.36% |
Disclaimer
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Last updated: January 2026
