UPDATE 2-SPDR Gold Trust holdings surge 30 T to record

Tue Sep 30, 2008 8:52am EDT

(Adds confirmation, exact figures)

KYOTO, Japan, Sept 30 (Reuters) - Gold held by New York's SPDR Gold Trust (GLD), the world's largest gold-backed exchange-traded fund, jumped by nearly 30 tonnes on Monday, the World Gold Council confirmed on Tuesday.

Total holdings jumped to a new record high of 752.2 tonnes -- about one third of global gold mine output -- and have climbed around 130 tonnes since mid-month as investors flock to bullion for security as the financial crisis threatens to worsen.

For graphic, click on: here

The WGC also clarified that Monday's increase was the trust's sixth-largest one-day rise and not second-largest, as a source had earlier told Reuters.

Spot gold XAU= rose nearly 5 percent to a session high of $920 an ounce on Monday, its strongest in nearly two months, after U.S. lawmakers rejected a $700 billion bailout plan for the financial industry, sending a shockwave through markets.

They stood at $903.25 an ounce at the nominal New York close on Monday, their highest close since early August.

The trust issues securities backed by gold, offering retail and other investors easier access to bullion, which is normally traded on a spot or futures basis. (Reporting by Jonathan Leff; Additional reporting by Jan Harvey; Editing by Ben Tan and Peter Blackburn)

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