As of September 30, 2024, iShares Gold Trust reported a significant increase in its investment in gold bullion, valued at $31.32 billion, compared to $26.43 billion at the end of the previous fiscal period on December 31, 2023. This growth is reflected in the total assets, which also rose to $31.32 billion from $26.43 billion. The net assets of the Trust increased to $31.31 billion, up from $26.42 billion, resulting in a net asset value per share of $49.68, a notable rise from $39.03 at the end of 2023.

The cost of investment in gold bullion increased to $20.09 billion from $19.18 billion in the previous reporting period. The Trust experienced a net realized gain from gold bullion distributed for the redemption of shares amounting to $567.90 million for the three months ended September 30, 2024, compared to $475.91 million for the same period in 2023. Additionally, the net realized and unrealized gain for the three months ended September 30, 2024, was $3.56 billion, a substantial recovery from a loss of $538.81 million in the prior year.

For the nine months ended September 30, 2024, the Trust reported a net realized gain from gold bullion of $1.08 billion, up from $737.31 million in the same period of 2023. The net increase in net assets resulting from operations for the nine months was $6.84 billion, a significant increase from $787.84 million in the previous year. The Trust's net change in unrealized appreciation/depreciation for the nine months ended September 30, 2024, was a loss of $5.80 billion, compared to a loss of $92.08 million in the same period of 2023.

The Trust's performance was bolstered by a total return at net asset value of 12.76% for the three months ended September 30, 2024, compared to a negative return of 2.24% in the same period of 2023. For the nine months, the total return was 27.29%, up from 3.03% in the previous year.

The Trust continues to operate under the management of The Bank of New York Mellon as trustee, with gold custodian services provided by JPMorgan Chase Bank N.A. The Trust remains focused on reflecting the performance of gold prices, with shares traded on NYSE Arca under the ticker symbol IAU. The valuation of gold bullion is critical for understanding the Trust's financial position and results, with the gold valued based on the London Bullion Market Association Gold Price.