Gold Exchange-traded Funds (Indian Express)

  • 19 Sep 2023

What is the News ?

In August, Gold exchange-traded funds (ETFs) saw an impressive inflow of Rs 1,028 crore, marking the highest influx in the past 16 months.

Facts About:

  • These are investment funds linked to the value of gold.
  • Gold ETFs are passive investments that track the price of gold and invest in physical gold bullion.
  • They represent gold in a form that can be paper-based or dematerialized.
  • Each unit of a Gold ETF is equivalent to 1 gram of highly pure physical gold.
  • Gold ETFs are listed and traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange Ltd. (BSE).
  • They offer complete transparency regarding their gold holdings, thanks to direct gold pricing.