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Income Statements (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenue      
Proceeds from sales of gold bullion inventory to pay expenses   $ 22,834us-gaap_SaleOfTrustAssetsToPayExpenses $ 24,815us-gaap_SaleOfTrustAssetsToPayExpenses
Cost of gold bullion inventory sold to pay expenses   (21,261)us-gaap_CostOfTrustAssetsSoldToPayExpenses (18,552)us-gaap_CostOfTrustAssetsSoldToPayExpenses
Gain on sales of gold bullion inventory to pay expenses 699us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [1] 1,573us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses 6,263us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses
Gain on gold bullion distributed for the redemption of Shares   142,694iau_GainLossOnGoldDistributedForRedemptionOfShares 155,431iau_GainLossOnGoldDistributedForRedemptionOfShares
Total gain on sales and distributions of gold bullion   144,267iau_GainLossOnSalesAndDistributionsOfGold 161,694iau_GainLossOnSalesAndDistributionsOfGold
Adjustment to gold bullion inventory   (750,591)us-gaap_InventoryWriteDown [2]  
Total gain (loss) on gold bullion   (606,324)us-gaap_Revenues 161,694us-gaap_Revenues
Expenses      
Sponsor’s fees 16,628iau_SponsorsFees [1] 21,742iau_SponsorsFees 25,362iau_SponsorsFees
Total expenses 16,628us-gaap_OperatingExpenses [1] 21,742us-gaap_OperatingExpenses 25,362us-gaap_OperatingExpenses
Net investment loss(b) (16,628)us-gaap_OperatingIncomeLoss [1],[3]    
Net Realized and Unrealized Gain (Loss)      
Net realized gain from investment in gold bullion sold to pay expenses 699us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [1] 1,573us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses 6,263us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses
Net realized gain from gold bullion distributed for the redemption of Shares 13,670iau_NetRealizedGainLossFromGoldDistributedForTheRedemptionOfShares [1] 142,694iau_NetRealizedGainLossFromGoldDistributedForTheRedemptionOfShares 155,431iau_NetRealizedGainLossFromGoldDistributedForTheRedemptionOfShares
Net change in unrealized appreciation/depreciation on investment in gold bullion (40,158)us-gaap_UnrealizedGainLossOnInvestments [1]    
Net realized and unrealized loss (25,789)us-gaap_GainLossOnInvestments [1]    
NET INCOME (LOSS) $ (42,417)us-gaap_NetIncomeLoss [1] $ (628,066)us-gaap_NetIncomeLoss $ 136,332us-gaap_NetIncomeLoss
Net income (loss) per Share (in Dollars per share) $ (0.08)us-gaap_EarningsPerShareBasic [1] $ (1.00)us-gaap_EarningsPerShareBasic $ 0.22us-gaap_EarningsPerShareBasic
Weighted-average Shares outstanding (in Shares) 542,329,726us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 627,129,863us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 624,899,044us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
[1] Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Please refer to Note 2B.
[2] At December 31, 2013, the market value of the gold bullion was below the average cost of the Trust's gold bullion inventory held. As a result, the Trust recorded a permanent write down against the average cost of the gold bullion inventory of $750,591.
[3] Net investment loss is applicable to investment companies. Please refer to Note 2B.