Investing in Gold Funds allows beating the long-term inflation and preserves the value. Since it is sold and bought electronically, investors can track the movement anytime they want to, by logging into their account.
GOLD ETF
Investors who wish to invest in gold but do not want to invest in physical gold due to storage hassles can invest in Gold ETFs. You don't have to worry about the purity of gold and you can get tax benefits..
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It is an unique way to trade in gold. GOLD ETF stands for GOLD Exchange Trade Fund, which allows investors to invest in gold on the exchange. Anyone who is willing to get into gold ETF can buy and sell the same on the exchange. It is also a healthy way to get rid of the issues which come with buying physical gold. Issues like:
- Purity
- Minimum purchase value
- Making charge premium
- Theft/ Burglary problem
- Re-sale
There is physical gold at the back end of every GOLD ETF, which means, that every trade in GOLD ETF entitles a purchase in physical gold at the back end. These GOLD ETF units are listed on an exchange. An example is Gold BeES are listed on the National Stock Exchange and then closely tracks the actual price of gold, known as spot prices. Due to continuous buying and selling by Authorised Participants, the gold price and the GOLD ETF remain the same.
Summary of Gold ETF
Traditionally we are inclined towards gold. All our festivals and occasions are more of a Gold ceremony than anything else, be it marriage or birthday.
We have a very strong affinity toward Gold and thus GOLD ETF is just another way of investing in Gold. In simple words, same tradition but a different route. GOLD ETF must be looked as a newer way to follow the old tradition and garner wealth. Rather it also saves the issues of making charges, premium, and purity.
E-Gold vs. GOLD ETF
E-Gold is a unique investment product launched by the National Spot Exchange Limited (NSEL). It is also an electronic purchase.
GOLD ETF is an open-ended GOLD mutual fund. Gold ETFs are also known as Paper GOLD.
.F.A.Q
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WHY GOLD ETF?
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WHAT ARE THE BENEFITS OF GOLD ETF?
To list a few, we have • Gain against Inflation • Easy Transaction • Simple Trading • High Purity of Gold. • Physical benefits are against theft and burglary and resale issues.
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HOW TO MAKE AN ENTRY IN GOLD ETF?
One must have a Demat account along with an online trading account. By choosing Gold ETF, one can place an order. After the execution of the trade, confirmation is sent to the investor. Though regular charges of brokerage are levied on both buying and selling.