Absa NewGold ETF Investors Reap as Gold Prices Soar

Absa New Gold Exchange Traded Fund(ETF) or GLD Investors at the Nairobi Securities Exchange(NSE) are glowing. This is as the metal-backed fund, which tracks global gold prices in real time- hits new highs, allowing them to gain from trading in this fund that holds physical gold.

Absa NewGold ETF, with an asset under management worth KSh 287.38 billion and Market Capitalization of KSh 1.91 Billion, jumped 15.42% to KSh 5,500- a new high on the Nairobi Bourse when trading opened Thursday morning.

Available data shows that the Absa NewGold ETF share price has risen 68.71% since the beginning of this year.

GLD closed its last trading day (Thursday, October 9, 2025) at KSh 4,900.00 per share on the Nairobi Securities Exchange (NSE), recording a 2.8% gain over its previous closing price of KSh 4,765.00.

Absa NewGold ETF price movements

Absa NewGold ETF began the year with a share price of KSh 3,260.00 KES and has since gained 50.3% on that price valuation, ranking it 26th on the NSE in terms of year-to-date performance.

GLD stock has accrued 12% over the past four-week period, ranking it ninth best on NSE.

According to multiple analysts cited by Reuters, Gold prices have surged past US$4,000 per ounce, its highest peak since 1979.

This price movement is reshaping portfolio strategies worldwide, prompting a fresh look at the metal’s role as both a hedge and a growth asset. Investors on the Absa NewGold ETF counter at the NSE are not immune to these shifts.

“The Absa Gold tracks gold performance, so when the price of gold goes up, it also rallies. The surge is benefiting both institutional and retail investors at the NSE,” said CFA Dedan Maina. This is especially so for investors who went in when last year when the share price of KSh 3500.

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Over the past three months, the Absa NewGold ETF has traded a volume of 69,921 shares valued at KSh 315 million, with an average of 1,110 traded shares per session.

Globally, Gold ETF inflows have reached US$64billion year-to-date, with a record US$17.3bn in September alone.