List of Gold ETFs

June 1, 2009

in ETF

There is a lot of interest in Gold ETFs these days and since I have already created an exhaustive list of gold mutual funds with their expense ratios, I thought I’d create a list of gold ETFs too. This list has ETNs also, which sound similar to ETFs but are a different product. To know more about ETNs click here.

Gold ETFs that Own Physical Gold

  1. SPDR Gold ETF (GLD): This fund actually holds physical gold.
  2. iShares Comex Gold Trust (IAU): This is a gold ETF about which I have written in the past, click here to read that post. This ETF also holds physical gold.

Gold ETFs that Own Gold Mining Stocks

  1. Market Vectors Gold Mining ETF (GDX): This fund holds stocks of gold mining companies from around the world.

Gold ETFs that own Future Contracts

  1. Powershares DB Gold Fund (DGL): This fund holds future contracts which reflect the upwards price movements of gold.
  2. E-Tracs CMCI Gold Total Return ETN (UBG): This is an ETN and tracks the upwards price movement of gold.

ETF Double Gold

  1. Proshares Ultra Gold (UGL): This fund will give you daily returns and will move double the price of gold in a day.
  2. Powershares DB Gold Double Long ETN (DGP): This is an ETN that moves double the gold prices.

Gold Short ETFs

  1. PowerShares DB Gold Short ETN (DGZ): This is an ETN that moves up when gold prices go down. So, this works like a gold short ETF where, if the price of gold moves down by 2%, this ETN will go up by 2%
  2. PowerShares DB Gold Double Short ETN (DZZ): This is also an ETN that moves up double the amount that gold prices go down. So, if gold prices go down by 2% this fund will move up by 4%.

ETF Gold India

  1. Kotak Gold ETF (KOTAKGOLD): This is Kotak’s Gold ETF that tracks the price of Gold in India. The ticker is for NSE.
  2. UTI Gold ETF (GOLDSHARE): This is UTIs ETF that tracks the price of gold in India. The symbol is GOLDSHARE and is for NSE
  3. Reliance Gold ETF (RELGOLD): This is the Reliance Gold ETF that tracks the price of gold in India and the symbol RELGOLD is for NSE.

If you are interested in gold ETFs in India in particular then this page has a list of all the Gold ETFs traded in India, and this one shows you the two year performance of gold ETFs in India.  I did a small piece on the expense ratios of two new gold ETFs – HDFC Gold ETF, and ICICI Prudential Gold ETF, which may also be of use to you.

Other investors find the page about gold mutual funds quite useful.

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{ 34 comments… read them below or add one }

MoneyEnergy June 1, 2009 at 1:44 am

Nice resource post! Am tweeting it…. thanks!

Reply

manshuv June 1, 2009 at 4:10 pm

Thanks! MoneyEnergy, I was working on this list from long now. Glad it turned out well.

Reply

Mr. Ibrahim kojo December 10, 2009 at 4:49 am

Dear Sir/madam

I got your contact during my search for a reliable, honest and a trustworthy person to entrust this Business project with.

It is my pleasure to bring to your notice a fruitful business relationship.

There is 380kg of pure raw gold dust of 22carrat+, as the quality of the gold is in my position and I want you to find a gold smith who can buy it at very cheap price OR any person to help bring the goods to your location ,10% comission is yours if you found one.

Be informed that samples must be confirmed before buying.

Pls get back with your full address . Kindly reply me through the below email address.

Regards.
Mr. Ibrahim kojo
ibrakojo@yahoo.com

Reply

Mr. Ibrahim kojo December 10, 2009 at 4:49 am

Dear Sir/madam

I got your contact during my search for a reliable, honest and a trustworthy person to entrust this Business project with.

It is my pleasure to bring to your notice a fruitful business relationship.

There is 380kg of pure raw gold dust of 22carrat+, as the quality of the gold is in my position and I want you to find a gold smith who can buy it at very cheap price OR any person to help bring the goods to your location ,10% comission is yours if you found one.

Be informed that samples must be confirmed before buying.

Pls get back with your full address . Kindly reply me through the below email address.

Regards.
Mr. Ibrahim kojo
ibrakojo@yahoo.com

Reply

NEERAJ July 21, 2009 at 11:37 pm

I WANT TO TAKE A GOLD ETF PLAN FROM UTI CAN YOU HELP ME

Reply

rithesh August 23, 2009 at 2:46 pm

Please furnish the details of ETF plans of SBI

Reply

Manshu August 28, 2009 at 5:07 am

Here is a list of SBI Equity Mutual Funds:

http://www.onemint.com/2009/08/28/sbi-mutual-fund/

SBI has one ETF – GETS, which invests in gold. Are you looking for info on that also?

Reply

indu September 3, 2009 at 8:06 am

hi,
pls advise me as to which gold etf is the best in india as of today(3rd sept 09).
would love to have a comparison chart.
thanks and regards

Reply

Manshu September 7, 2009 at 8:36 am

Here is a list of all Gold ETFs available in India, along with their expense ratios. This should help you make a decision.

http://www.onemint.com/2009/09/07/gold-etf-in-india/

Reply

salil deo September 9, 2009 at 7:16 am

i do not think it matters which etf you choose as all are linked to the exact price of gold in the market …….. so whether you choose , sbi , kotak , or uti does it matter ?

please enlighten me if i am wrong …..

Reply

Manshu September 9, 2009 at 5:43 pm

Each fund charges some fee viz. and this is expressed as a percentage called: Expense Ratio.

A higher expense ratio means higher fee, and so that is a thing to watch out for.

This link compares the expense ratios of gold ETFs in India.
http://www.onemint.com/2009/09/07/gold-etf-in-india/

Reply

Mandar Kulabkar September 13, 2009 at 12:40 pm

I wish to buy Gold Etf, please help me?? if SBI is still continuining gold etf please help how to procure? pls give contact details..

Reply

Manshu September 13, 2009 at 2:47 pm

You can buy this like any other stock. All you need is a brokerage account like icicidirect.com or sharekhan or something and these ETFs can be bought just like regular stocks.

Reply

rajesh October 7, 2009 at 3:09 am

sir,
i want to know if i buy gold from indian mutual fund and after few days i want to physical that gold in my hand can i remetrialise my demat holding please let me now
thanks

Reply

Manshu November 8, 2009 at 4:38 pm

I have never heard of such a thing. It might exist, but I am not aware of it.

Reply

Uday Shankar November 29, 2009 at 11:23 pm

I am regular SIP investor.Now i would like to invest in any gold etf.Please advice me that whether can i invest in gold etf’s in the sip mode.If i can,then please give me the comparison charts.

Reply

Manshu November 30, 2009 at 7:22 pm

You can buy these ETFs directly from the stock market but can’t set up SIPs for them. These are more like shares.

Reply

Jason December 4, 2009 at 6:13 pm

Do Golf ETFs provide dividends?
After i purchase the gold ETFs can i get the equal amount of gold at the time when i m going to sell the ETFs or i can only get the money back?
How is the expense deducted for the shares that i bought?

Reply

vikas December 6, 2009 at 1:37 am

how much percentage is charged in long term and short term capital gain by tradin gold etf?

Reply

Manshu December 6, 2009 at 7:48 am

Same as stocks, which I think currently short term is 10 and long term 0.

Reply

Girish j Kondhiya December 8, 2009 at 9:23 am

Respected sir/mem.

(whom so ever it may concern)
How to start a business with etf Gold.
Please inform me.

Reply

Manshu December 8, 2009 at 4:44 pm

This is interesting now, what is that you had in mind?

Reply

uttam January 9, 2010 at 1:54 am

i want to start business with etf gold with Rs.1 lac. can you guide

Reply

Manshu January 9, 2010 at 2:07 am

Sorry but I can’t really help you there.

Reply

M Purushoutham January 2, 2010 at 1:42 am

Dear Sir

I intend to invest in Gold ETF. What all are the points that I shud keep in mind while doing so ?

Reply

Manshu January 2, 2010 at 8:39 am

You need to keep the following three things in mind:

1. The lower the expense ratio, better it is.
2. Higher the volumes, better it is.
3. Lower the tracking error, better it is.

You can see a list of gold etfs in India at this page:
http://www.onemint.com/2009/09/07/gold-etf-in-india/

Reply

dalia January 6, 2010 at 12:02 am

I am an student of MBA, interested to start Gold ETF.
What is the Minimum amount required to start gold ETF for short time,

Reply

Poonam January 10, 2010 at 8:49 am

Dear Sir/ Madam,

I want to purchage GoldETF of about Rs10,000/=. I have no Trading or Demat Account But I have SBI.Bank Account and a PAN Card. Could you suggest if I could purchase?

Thank you

Reply

Manshu January 10, 2010 at 10:58 am

You need to have a demat and brokerage account to deal with ETFs just like you deal with shares.

Reply

ramesh.j January 17, 2010 at 2:02 am

Respected ,
Sir/madam

i wanted to invest in gold ETF please tell me how to invest
What is the Minimum amount required to start gold ETF for long time
and which is the best ex= uti,rel,SBI

Reply

nikhil February 2, 2010 at 3:27 pm

Hi Manshu,

How can i short sell gold in india? Is it possible to short sell Gold ETF in india or invest in a gold ETN like PowerShares DB Gold Short Exchange Traded Note where buying each unit is shorting 1 unit.

Thanks

Reply

Santosh February 13, 2010 at 3:35 am

respected sir / madam , apply business growth

Reply

Devang Baidyani June 21, 2010 at 8:20 am
samim August 9, 2010 at 1:31 am

i want to purchase gold mining share can any one suggest me which company will be the best for profit.plse email me i will be very thenkful to him.
shamimkhan786123@yahoo.com

Reply

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