Gold Exchange-Traded Funds
Gold exchange-traded funds (ETFs) attracted Rs 1,028 crore in August, 2023, making it the highest inflow in 16 months, amid continued hikes in interest rates in the US, which led to a slowing down in growth rate there.
About Gold ETF
- A Gold ETF is an exchange-traded fund (ETF) that aims to track the domestic physical gold price. They are passive investment instruments that are based on gold prices and invest in gold bullion.
- Gold ETFs are units representing physical gold which may be in paper or dematerialised form.
- One Gold ETF unit is equal to 1 gram of gold and ....
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