April 27, 2010

Ms. Laura E. Hatch
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, DC 20549

Re:      GAMCO Gold Fund, Inc. (the "Fund")
         Post-Effective Amendment No. 20 to the Registration Statement
         on Form N-1A (33-79180)

Dear. Ms. Hatch:

         This letter  responds to your  comments  communicated  by  telephone on
April 7,  2010,  with  respect  to the  Post-Effective  Amendment  No. 20 to the
Registration  Statement on Form N-1A (the "Registration  Statement") of the Fund
that was filed  with the  Securities  and  Exchange  Commission  (the  "SEC") on
February 26, 2010 (accession number 0000950123-10-017793).

         In addition, in connection with this filing, the Fund hereby states the
following:

         1.       The Fund  acknowledges  that in  connection  with the comments
                  made by the Staff of the SEC,  the Staff has not passed on the
                  accuracy or adequacy of the  disclosure  made herein,  and the
                  Fund and its management are solely responsible for the content
                  of such disclosure;

         2.       The Fund acknowledges  that the Staff's comments,  and changes
                  in  disclosure  in response to the  Staff's  comments,  do not
                  foreclose   the  SEC  or  other   regulatory   body  from  the
                  opportunity  to seek  enforcement  or take other  action  with
                  respect to the disclosure made herein;

         3.       The Fund  represents  that neither it nor its management  will
                  assert  the  Staff's  comments  or changes  in  disclosure  in
                  response to the Staff's comments as a defense in any action or
                  proceeding by the SEC or any person.

                  The Fund's  responses to your  comments are  reflected  below.
         Comments that applied to both the Class AAA Shares  prospectus  and the
         Class  ABCI  Shares  prospectus  have only  been  addressed  once.  The
         substance  of  your  comments  has  been  restated  for  your  ease  of
         reference.




         COMMENT  #1-COVER  PAGE:  You  requested  that the Fund  pare  down the
         information  in  the  top  left  hand  corner  to  remove   duplicative
         references.

                  RESPONSE #1: The Fund has deleted the following  parenthetical
                  language that appears at the end of the  disclosure in the top
                  left hand corner:  "(Net Asset Value per share may be obtained
                  daily by calling 800-GABELLI after 7:00 p.m.)."

         COMMENT  #2-COVER  PAGE:  You requested  that the Fund add the required
         legend disclosure if the Fund intends to utilize a summary prospectus.

                  RESPONSE  #2:  The  Fund  will  not  be  utilizing  a  summary
                  prospectus  at this time and therefore the legend has not been
                  added.

         COMMENT  #3-PERFORMANCE  TABLE:  The Fund  lists  three  indices in the
         performance table. You requested that the Fund determine which index is
         the broad-based index and list such index first.

                  RESPONSE #3: The Fund has listed the S&P 500 Index first.

         COMMENT  #4-PERFORMANCE  TABLE:  You requested that the Fund delete the
         second  sentence  of the text  after the  performance  table  regarding
         "Return After Taxes on Distributions  and Sale of Fund Shares" if it is
         not applicable for the Fund.

                  RESPONSE  #4: If this  disclosure  is not  applicable  for the
                  Fund, the Fund will remove it.

         COMMENT  #5-STATEMENT  OF  ADDITIONAL   INFORMATION  (THE  "SAI"):  You
         requested that the Fund include the new corporate  governance and board
         member disclosure.

                  RESPONSE #5: The Fund will include such disclosure in the SAI.

         COMMENT  #6-SAI:  You  noted  that  because  of Rule  35d-1  under  the
         Investment  Company Act of 1940 ("1940  Act") and the Fund's  policy of
         investing  80% of its net assets in stocks of  gold-related  industries
         (the "80% Policy"),  the Fund should have a concentration policy to the
         effect that at least 25% of its assets will be invested in gold-related
         industries (the "Concentration  Policy") and that such policy should be
         a fundamental  policy.  Consequently,  you requested  that the Fund add
         disclosure  to the  Fund's  SAI that  the  Fund  has a  non-fundamental
         Concentration  Policy.  Additionally,   you  requested  that  the  Fund
         represent  that at the next  meeting of  shareholders,  a  proposal  be
         presented to the shareholders of the Fund seeking shareholder  approval
         of the Concentration Policy as a fundamental policy of the Fund.


                  RESPONSE #6: The Fund will set forth in its SAI a  description
                  of  the  Fund's   non-fundamental  25%  concentration   policy
                  regarding  gold-related  issuers, but will also note that such
                  policy  may not be changed  without  shareholder  approval  in
                  accordance with Section 13(a)(3) of the 1940 Act. The SAI will
                  also state that at the next  meeting  of  shareholders  of the
                  Fund,  it will present a proposal to the  shareholders  of the
                  Fund seeking shareholder  approval of the Concentration Policy
                  as a fundamental policy of the Fund.

         Should you have any questions  regarding the  foregoing,  please do not
         hesitate  to  contact  Helen  A.  Robichaud  at PNC  Global  Investment
         Servicing, Inc., the Fund's Sub-Administrator, at 617-338-4595.

         Very truly yours,

         /s/ Bruce N. Alpert
         -------------------
         Bruce N. Alpert
         President

         cc:  Helen A. Robichaud           Arlene Lonergan
              PNC Global Investment        PNC Global Investment
              Servicing, Inc.              Servicing, Inc.

              Peter D. Goldstein           Christoper Tafone
              Gabelli Funds, LLC           Paul, Hastings, Janofsky & Walker LLP

              Rachael Schwartz
              Paul, Hastings, Janofsky & Walker LLP