As per Coinotag, the Japan Physical Gold ETF is currently trading at a 14% premium to its net asset value (NAV), the widest among global gold ETFs. This premium reflects strong local demand for physical bullion and a growing divergence from global gold prices. The ETF holds approximately ¥1.25 trillion ($8.2 billion) in assets, highlighting sustained interest in locally stored gold. Recent volatility saw spot gold fall 6.3% in a single day, while the ETF’s price dropped as much as 11% the following session, though the premium remained intact.
Japan Physical Gold ETF Trades at 14% Premium to NAV Amid Local Demand Surge
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