Trading & Holdings

Xetra-Gold® is a security that can be traded just as easily as a share – directly on the stock exchange. It tracks the gold on a virtually 1:1 basis and thus enables investors to participate directly in the performance of the gold price. The combination of low-cost stock exchange trading and the option of physical delivery makes Xetra-Gold a particularly flexible and attractive way to invest in gold. 

Xetra-Gold^® is a highly efficient and simple way to participate in the gold market. It is cost-effective and eliminates currency risks, as it is quoted in euros per gram unlike the usual quotation of gold in US dollars per ounce.

For the purchase or sale of Xetra-Gold, no mark-up or management fees are payable, as is usually the case with physically backed gold securities. Only the standard transaction fees charged for on-exchange trading apply. A low spread of 0.1 percent on average (max. 1 percent) in Xetra^® trading guarantees low trading costs.

Transport and insurance costs are incurred when purchasing physical gold. For example, 1 kg of gold can be delivered at a price starting at €275. 

Continuous trading on Xetra

Investors can buy and sell Xetra-Gold® (ISIN DE000A0S9GB0) on trading days between 9:00 and 17:30 CET through the Xetra® trading venue: liquid, continuous trading with high transparency on the regulated market of Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange).

Deutsche Bank is among the Designated Sponsors which ensure that buy and sell orders within the current bid-ask spread and up to €100,000 are executed immediately. In all market situations, the bid-ask spread of Xetra-Gold may reach a maximum of 1 percent, significantly below that of other gold-based financial products.                                                                                                                                                                                                                                                                                                                                                                           

Delivery of gold

If an investor asserts the right to the delivery of the certificated amount of gold from the issuer, the gold is transported to the respective point of delivery by Umicore AG & Co. KG, which is responsible for all physical delivery processes. Furthermore, the issuer holds a limited amount of gold in delivery claims with Umicore.

Information on delivery and the alternative payment claims relevant for investment and insurance companies are available for download below in the document 'Information on the process for exercising Xetra-Gold'.

Delivery costs depend on the quantity and delivery location.

Download: Information on the process for exercising Xetra-Gold 

When trading Xetra-Gold®, the standard transaction fees that are charged for on-exchange securities trading apply. In the relationship between Clearstream Europe AG, the custodian, and the respective custodian bank of the investor, custody fees are charged per calendar month which, until further notice, amount to 0.025 percent of the monthly Xetra-Gold holdings, totaling 0.3 percent annually plus VAT. The end customer only pays the amount of custody fees agreed with the depository bank. Investors requesting repayment of Xetra-Gold in euros will receive a repayment amount corresponding to the relevant gold market price, less a settlement fee of €0.02 per bearer bond.