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08/07/25 11:26:09

Strong demand for Xetra Gold in the first half of the year

Large inflows and a new record high in the price of gold have caused the assets held in Xetra Gold to rise to €15.6 billion.


8 July 2025. FRANKFURT (Börse Frankfurt).The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) rose significantly in the first half of 2025. Assets under custody increased by 7.3 tons between January and June, reaching 173.8 tons on 30 June.
The gold price reached new highs during this period and stood at €90.015 per gram on 30 June. The assets held in custody by Xetra-Gold thus increased by around 16.4 per cent to €15.6 billion in the last six months.

“In times of economic uncertainty, the price of gold has behaved in a fairly typical manner. In past crises, global demand for gold rose, and with it the price. For many investors, gold is something like insurance for their portfolios. Studies show that five to ten percent gold can protect other asset classes such as stocks and bonds from losses,” says Dr. Michael König, Managing Director of Deutsche Börse Commodities GmbH, issuer of Xetra-Gold.

Xetra-Gold® (ISIN: DE000A0S9GB0) is a bearer bond issued by Deutsche Börse Commodities GmbH and backed 100% by gold. Each individual Xetra-Gold bearer bond certifies the investor's right to delivery of one gram of gold. The issuer holds a corresponding amount of gold in physical form and, to a limited extent, in the form of book gold claims for Xetra Gold bearer bonds. As a security, Xetra-Gold® is fungible and just as easily transferable as a share. Outside Germany, Xetra-Gold® is approved for public distribution in Denmark, Finland, Luxembourg, the Netherlands, Norway, Austria, Sweden, and the United Kingdom. Complete and legally binding information on Xetra-Gold bearer bonds can be found in the basic information sheet and the prospectus, together with any supplements and the terms and conditions of issue. 

  • Investors can obtain these documents free of charge from Deutsche Börse Commodities GmbH, Mergenthalerallee 61, 65760 Eschborn, Germany, or download them at www.xetra-gold.com/downloads

The issuer, Deutsche Börse Commodities GmbH, based in Eschborn, is a joint venture between B. Metzler seel. Sohn & Co. KGaA, Commerzbank Aktiengesellschaft, Deutsche Bank AG, Deutsche Börse AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Umicore AG & Co. KG, and Vontobel Beteiligungen AG. Umicore AG & Co. KG is a subsidiary of Umicore S.A., which operates several gold refineries worldwide and manufactures gold bars. The issuer's sole business purpose is to make the Xetra-Gold bearer bond, which is 100 percent backed by gold, available to the market and to enable efficient, transparent, and cost-effective trading of this form of securitization of physical gold.