The gold fund is only an investment transaction with gold as the trust, which is basically in line with the international gold price. Of course, the gold fund does not hold gold at 100%, but also holds a small amount of bonds and bank deposit interest, which is equivalent to lowering the price.

Physical gold has labor costs such as transportation, warehousing and storage, so the price will be higher than the international gold price, which is equivalent to the plus sign on the price.