Sprott Physical Gold Trust stock gains 1.77% in latest session

Sprott Physical Gold Trust stock gained 1.77% in the latest session. PHYS traded at 29.87 U.S. dollars at 4:00 p.m. Eastern Time on Monday, November 2, 2026, versus 29.35 U.S. dollars at the previous close.

The trust's structure remains the key investor consideration. According to Sprott, PHYS was created to hold substantially all of its assets in physical gold bullion. The units trade on NYSE Arca in U.S. dollars and on the Toronto Stock Exchange in both U.S. and Canadian dollars.

Discount to net asset value

Sprott reported a net asset value of 30.00 U.S. dollars per unit as of Friday, October 30. The market price was 29.35 U.S. dollars, leaving the units at a 2.16% discount to NAV. That discount means the market price can diverge from the value of the gold held by the trust, adding a separate source of performance variation for investors.

The trust reported 3,751,666 ounces of gold and a total net asset value of 14.57 billion U.S. dollars on the same date. Sprott also listed a management expense ratio of 0.39%. The figures describe the trust's position on October 30 and do not represent a forecast for the next trading session.

Physical bullion exposure

PHYS is a Canadian closed-end trust managed by Sprott Asset Management LP. Its objective is to provide an exchange-traded alternative to holding physical gold directly, while allowing units to be bought and sold through a brokerage account. Sprott states that units may be redeemed for physical metal subject to the applicable minimum redemption amount.

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