Deutsche Börse Commodities’ Xetra-Gold Remains Leading Physically Backed Gold Security in Europe

Deutsche Börse Commodities’ Xetra-Gold Remains Leading Physically Backed Gold Security in Europe

  • Xetra-Gold’s Assets Under Custody Reach €12.7 Billion at End of 2022
  • Deutsche Börse’s Xetra-Gold Shows Long-Term Increase in Gold Holdings

(PRESS RELEASE) FRANKFURT, 6-Jan-2023 — /EuropaWire/ — Deutsche Börse Group (ETR: DB1), an international exchange organisation and innovative market infrastructure provider, has announced that Deutsche Börse Commodities’ Xetra-Gold remains the leading physically backed gold security in Europe. Xetra-Gold is an exchange-traded bearer bond with physical backing that is offered by Deutsche Börse Commodities. At the end of 2022, Xetra-Gold’s gold holdings decreased to 231 tonnes, a decrease of 6 tonnes over the course of the year. However, when looking at a 5-year view, there has been an increase of 56.8 tonnes, and since December 2012, an increase of 177.3 tonnes. Xetra-Gold’s assets under custody were worth €12.7 billion at the end of the year, making it the leading physically backed gold security in Europe. Each share certificate represents one gram of gold that is deposited in a central vault.

“While we saw a record high of the gold price in euros in the first half of 2022, few investors took this as an opportunity to take profits in the second half of the year – for example, to react to the multiple challenges from the turnaround in interest rates as well as the energy crisis. Accordingly, Xetra-Gold volume declined slightly by 2.9 percent to 231 tonnes in the course of last year”, says Steffen Orben, Managing Director of Deutsche Börse Commodities GmbH, the issuer of Xetra-Gold.

Xetra-Gold investors are entitled to the delivery of the securitised physical gold. Since the launch of Xetra-Gold in 2007, investors have made use of this right 1,745 times. To date, 7.6 tonnes of gold have been delivered.

In September 2015, the German Federal Fiscal Court determined that gains from the sale or redemp-tion of Xetra-Gold after a minimum holding period of one year would not be subject to withholding tax. Thus, the purchase and redemption or selling of Xetra-Gold is to be assessed for tax purposes as a direct purchase and sale of physical gold – such as gold bars or gold coins.

Xetra-Gold is issued by Deutsche Börse Commodities GmbH, a joint venture of Deutsche Börse AG and Commerzbank AG, Deutsche Bank AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, B. Metzler seel. Sohn & Co. KGaA and Vontobel Beteiligungen AG. Umicore AG & Co. KG, a group subsidiary of Umicore S.A., is also involved.

Further information can be found at

About Xetra-Gold

Xetra-Gold® (ISIN: DE000A0S9GB0) is a bearer bond issued by Deutsche Börse Commodities GmbH, 100 percent backed by gold, which securitizes a delivery claim to physical gold. Each individual Xetra-Gold note grants the investor the right to require the issuer to deliver one gram of gold. For Xetra-Gold notes, the Issuer maintains a corresponding amount of gold in physical form and, to a limited extent, in the form of book gold claims. In the form of a security, Xetra-Gold is fungible and as easily transferable as a share. In addition to Germany, Xetra-Gold is authorized for public distribution in Denmark, Finland, Luxembourg, the Netherlands, Norway, Austria, Sweden and the United Kingdom. The complete and legally binding information on the Xetra-Gold bearer bonds can be found in the key information document and the prospectus together with any supplements and the terms and conditions of issue. Investors can obtain these documents free of charge from Deutsche Börse Commodities GmbH, Mergenthalerallee 61, 65760 Eschborn, Germany, or download them from

About Deutsche Börse Commodities GmbH

The Xetra-Gold Issuer Deutsche Börse Commodities GmbH with its registered office in Eschborn is a joint venture of B. Metzler seel. Sohn & Co. KGaA, Commerzbank Aktiengesellschaft, Deutsche Bank AG, Deutsche Börse AG, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Umicore AG & Co. KG and Vontobel Beteiligungen AG. Umicore AG & Co. KG is a subsidiary of Umicore S.A., which operates several gold refineries worldwide and produces gold bars. The issuer’s sole business purpose is to provide the market with the 100 percent gold backed Xetra-Gold bond and to enable efficient, transparent and cost-effective trading of this physical form of gold securitisation.

Further information

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SOURCE: Deutsche Börse Group


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