By Millie Munshi
April 8 (Bloomberg) — Bullion held by SPDR Gold Trust, the biggest exchange-traded fund backed by the metal, rose by 9.7 metric tons to the largest amount ever, company figures show.
The fund’s holdings gained 0.9 percent, the biggest jump in more than six months, to 1,140.43 tons as of today, according to the company’s Web site. Holdings have increased 1.2 percent in the past year. The previous record was 1,134.03 tons on June 1, according to the Web site. The company listed the fund’s net asset value as $42.09 billion as of today.
Gold futures for June delivery fell 10 cents to $1,152.90 an ounce on the Comex in New York. The price has jumped 30 percent in the past year, touching a record $1,227.50 in December, as investor demand increased.
To contact the reporter on this story: Millie Munshi in New York at firstname.lastname@example.org.
Last Updated: April 8, 2010 18:19 EDT