ETF is Exchange Traded Fund.
Gold ETF is buying Gold in Demat form.
Gold ETFs are being launched by Mutual Fund Companies.
These are traded like shares. There is physical Gold against these units held by respective Mutual Funds.
At present there are 9 Gold ETFs in India .
Benchmark, HDFC, ICICI, Kotak, Quantum, Religare, Reliance, SBI and UTI are the nine Mutual Fund houses offering GOLD ETF.
Let us see the Gold ETF prices as on 6th September 2010.
I Direct Code
Mutual Fund
Price
GOLDEX
BENCHMARK
1858
HDFGOL
HDFC
1897
ICIETF
ICICI
1900
KOTGOL
KOTAK
1853
QUGOLD
QUANTUM
920
RELETF
RELIGARE
1900
RELGOL
RELIANCE
1796
SBGETS
SBI
1891
UTGOLD
UTI
1862
Its general belief,that before festival season starts, Gold price will go up.
so invest now.
HAPPY TRADING
