NAV of Gold Exchange Traded Funds has dropped 9 % in March.
Gold is Good Investment in the long term, say 'more than 3 years'.
The return from Gold is above inflation and also beaten gains from other asset class in the long run.
At present There are 5 Gold ETFs being traded in India.
Their 52 week High and Low
Benchmark Gold ETF----1574 / 1076
Kotak Gold ETF --------1560 / 1077
Quantum Gold ETF------ 785 / 512
Reliance Gold ETF -----1507 / 1095
UTI Gold ETF ----------1550 / 1007
Quantum Gold ETF 1 unit is approximatly equal 1/2 gram of Gold others 1 gram.
Experts beleive,One should have minimum 15% of their investment in Gold at any time.
SBI Mutual Fund has come out with GOLD ETF NFO.
NFO closes on 28th April 2009
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