Published on 2016-09-27
Gold ETFs (Gold Electronic Transfer Funds) are units representing physical gold on paper, popularly also know as paper gold at times.
The Gold ETF unit price is approximately equal to one gram of gold having 0.995 purity per gram. They are listed and traded on the National Stock Exchange with a minimum lot size of 1 unit and can be traded on stock exchanges just like any other stock of any listed company. Gold ETFs are actively traded on exchange and hence can easily be liquidate when required.
Gold ETF unit price is linked with physical gold and hence it can be influence by various market factors like demand/supply, geo political concerns, US Dollar and Indian Rupee rate against world currencies, mine production and sale of gold by Central Bank.
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