List of Gold ETFs

by Manshu on 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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{ 72 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.

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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

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rithesh August 23, 2009 at 2:46 pm

Please furnish the details of ETF plans of SBI

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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?

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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/

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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..

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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.

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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.

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Parul February 15, 2012 at 1:44 pm

No not possible

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Jitendra P.S.Solanki February 15, 2012 at 6:30 pm

Rajesh,

You can do it by investing through e-gold at National Spot exchange Ltd.There is option of taking delivery of gold here.

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.

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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.

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prahlad April 29, 2011 at 2:46 am

you can invest in reliance gold saving mutual fund . this fund invest 95% of its asset in reliance gold etf and it is offering sip facility but if you wish to redeem within one year , you will have to pay 2% exit load. there is no entry load.

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 ?

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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/

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Amrut October 21, 2010 at 7:55 am

Hi Manshu,

I was going through all your posts related to Gold ETF, & they all are nice. As mentioned above three things to keep in mind while buying Gold ETF’s, i didnt understand the last 2. can you please throw some light on them especially the 2nd one. How does having higher volume affect the perticular ETF.

Cheers,
Amrut.

Reply

Manshu October 21, 2010 at 9:05 am

Thanks for reading Amrut.

A higher volume means that the fund is bigger and provides liquidity, so if a big holder wants to liquidate their holdings the price isn’t adversely impacted, or if a player wants to buy large quantities, the price is not artificially inflated either.

Also, I’d expect that over time a bigger fund incurs lower expenses because they have a large base over which they can spread out their expenses.

Tracking error means how far away from the price of the underlying asset is the price of the ETF or mutual fund. So obviously you want this to be minimum as you bought the ETF to track the price of gold and wouldn’t be too happy if gold rises by say 20% but your ETF rises by only 17% or so.

Hope that helps.

Reply

Amrut October 21, 2010 at 9:17 am

Thanks alot for prompt reply. Its crystal clear now.

Cheers,
Amrut.

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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

TALLY September 12, 2010 at 9:16 am

hi,
i want to buy gold ETF and as i saw..the goldbees is best one. but i have one doubt as to whether a gold etf should be bought in BSE orNSE?? i am a beginner so plz enlighten me.

Reply

jagan October 3, 2010 at 12:01 am

is it worth putting money on gold etfs or mutual funds ?

Reply

Chirag January 1, 2011 at 3:17 am

I think ETF’s are good for Trading!

Reply

dayanand raja November 11, 2010 at 5:57 am

NSE

Reply

dinesh January 13, 2011 at 2:13 am

pls help me in etf gold mins

Reply

Manshu January 13, 2011 at 7:19 am

What are you looking to do Dinesh?

Reply

aruna February 28, 2011 at 9:28 pm

hi. im hav plannd to do project in gold etf.. but dono how to proceed .. plzz give me some idea…

Reply

Manshu March 3, 2011 at 8:38 am

Start with the structure of a gold ETF, all ETFS available, performance data, volume etc. Everything is available online.

Reply

aruna March 5, 2011 at 10:24 am

thank u sir.. . can i get your official e mail id so that i can tell u my idea about my project..so that i can know whthr im in the rite path.

Reply

Manshu March 5, 2011 at 10:34 am

Well Aruna, I’m sorry but I don’t have the bandwidth to guide you through the project. Your profs should ideally be doing that. This is not complicated stuff though, so it shouldn’t be all that hard.

Reply

aruna March 5, 2011 at 11:13 pm

thank you.. but my guide is not a finance professor.. :-(

Reply

Manshu March 6, 2011 at 1:08 pm

I just don’t have the bandwidth to guide you Aruna.

Reply

aruna March 5, 2011 at 10:31 am

PLZ GUIDE ME SIR

Reply

m taher March 8, 2011 at 8:53 am

sir, what is gold etf? how do i invest, i have d-mat ac. which is the best to invest in india.what is is the minimumn amount to invest in gold etf , pl guide. thanks.

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Manshu March 8, 2011 at 2:57 pm

A gold ETF is like a mutual fund that owns gold, and then trades in the stock exchange. You invest in them just like shares. There are several gold ETFs and Benchmark GoldBeeS is one that you can look at. Their unit is about 2,000 so you need that much minimum amount.

There is another one from Quantum which has one unit at about 1000 rupees so you can also select that if you are looking for a smaller amount.

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vijay April 22, 2011 at 1:05 am

which is best gold etf in india

Reply

Devang Badiyani April 29, 2011 at 6:50 am

you can invest online using the link given
http://bit.ly/reliancemf

Reply

raj07 May 5, 2011 at 11:57 pm

Hello,

I was looking to enter into Gold ETF and find the prices of different ETFs as varying widely on a single day . For example, SBIGETS is 2184 today , goldbees is 2147 and relgold 2089 .

Why is this huge price difference considering that every Unit is approxmately equal to 1 gm of gold of the same carat .

Thanks

Reply

Manshu May 8, 2011 at 9:17 pm

I’ve written an entire post explaining this which you can find here:
http://www.onemint.com/2011/02/15/why-do-different-gold-etfs-have-different-prices/

Reply

Kamal Kr.Tiwari May 16, 2011 at 11:43 pm

I want to invest in best gold & Silver plan up to 10 years in sip,kindly advoice .wich plan would better to us.

M-9312509107

Reply

Manshu May 17, 2011 at 12:07 pm

You can try gold ETFs like Benchmark if you have a Demat account and have traded in stocks, if not then you can buy a gold mutual fund like Reliance or Kotak gold MF. There are no silver ETFs or MFs right now.

You can also read my post on best gold ETF to get more info on this topic.
http://www.onemint.com/2010/04/19/which-is-the-best-gold-etf-in-india/

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Rathore August 16, 2011 at 10:52 pm

Hi Sir,

I want to invest in gold. I just wanted to ask you that whether to go for gold equity funds like RELGOLD,… or invest in gold ETFs (Mutual funds). Which one will be more beneficial and any specific funding that you can suggest.

Regards
Rathore

Reply

Manshu August 17, 2011 at 6:08 am

Gold mutual funds also invest in gold ETFs from their own company, so ultimately you end up owning a gold ETF indirectly. I’ve done a detailed post on all the ETFs and Kotak and Benchmark looks good. Here is the post link if you are interested.

http://www.onemint.com/2011/08/16/gold-etf-in-india-performance-and-volumes-in-last-year/

Reply

Minu August 28, 2011 at 4:54 am

Q : Which gold ETF will be better Kotak & SBI or someone else

Reply

Manshu August 29, 2011 at 5:22 am

All gold ETFs are pretty similar in returns etc. so it shouldn’t impact that much. Go through this article to get a sense on where the market for these funds currently is at:

http://www.onemint.com/2011/08/16/gold-etf-in-india-performance-and-volumes-in-last-year/

Reply

sanjeev August 28, 2011 at 4:58 am

If we sell, do we get current gold price* units we have bought? if not then what, pls explain

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Manshu August 29, 2011 at 5:22 am

The unit price is linked to the current price of gold but it isn’t exactly the same. It will be quoted on the stock exchange like the price of shares, and when you sell them you get that price.

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sanjeev August 28, 2011 at 4:59 am

which would be better etf SBI or Kotak? pls answer

Reply

Manshu August 29, 2011 at 5:21 am

All gold ETFs are pretty similar in returns etc. so it shouldn’t impact that much. Go through this article to get a sense on where the market for these funds currently is at:

http://www.onemint.com/2011/08/16/gold-etf-in-india-performance-and-volumes-in-last-year/

Reply

manish nautiyal December 4, 2011 at 3:12 pm

I want to invest in gold.
which is the best option ETF or via mutual fund

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a.s. deshpande August 21, 2013 at 7:44 pm

we bought uti gold etf during ipo in march/april,2007. we have now sold the same . i understand that we need to pay l.t.gain tax @10%. however, i do not recollect the ipo price . could you pl. inform me the same so as to enable me to work out the l.t.gain tax. thanks. A.S.Deshpande.

Reply

sandeepbhamare April 17, 2014 at 9:02 pm

Sir I have to know it is giving returns in intraday or its is effective in intraday

Reply

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