ETF Securities gold, palladium holdings hit record

LONDON, Sept 23 (Reuters) - ETF Securities said on Wednesday that the amount of metal it holds to back its gold and ETFS Physical Palladium (PHPD.L) exchange-traded commodities rose to record highs in the week to Sept. 22.

The company's three gold-backed ETCs -- Gold Bullion Securities (GBSx.L), ETFS Physical Gold (PHAU.L) and a small Australian fund -- held 8.367 million ounces of bullion as of Tuesday, up from 8.217 million ounces a week before.

Its palladium ETC (PHPD.L) held 533,181 ounces of metal, up from 485,756 ounces the week before.

ETCs issue securities backed by physical stocks of a given commodity. Buying of precious metals to back ETCs and similar products has formed a major plank of demand in recent years. (Reporting by Humeyra Pamuk, Editing by Anthony Barker)