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
- SPDR Gold ETF (GLD): This fund actually holds physical gold.
- 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
- Market Vectors Gold Mining ETF (GDX): This fund holds stocks of gold mining companies from around the world.
Gold ETFs that own Future Contracts
- Powershares DB Gold Fund (DGL): This fund holds future contracts which reflect the upwards price movements of gold.
- E-Tracs CMCI Gold Total Return ETN (UBG): This is an ETN and tracks the upwards price movement of gold.
ETF Double Gold
- Proshares Ultra Gold (UGL): This fund will give you daily returns and will move double the price of gold in a day.
- Powershares DB Gold Double Long ETN (DGP): This is an ETN that moves double the gold prices.
Gold Short ETFs
- 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%
- 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
- Kotak Gold ETF (KOTAKGOLD): This is Kotak’s Gold ETF that tracks the price of Gold in India. The ticker is for NSE.
- UTI Gold ETF (GOLDSHARE): This is UTIs ETF that tracks the price of gold in India. The symbol is GOLDSHARE and is for NSE
- 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.
Q : Which gold ETF will be better Kotak & SBI or someone else
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/
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
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/
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
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/
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
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/
you can invest online using the link given
http://bit.ly/reliancemf
which is best gold etf in india
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.
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.
PLZ GUIDE ME SIR
hi. im hav plannd to do project in gold etf.. but dono how to proceed .. plzz give me some idea…
Start with the structure of a gold ETF, all ETFS available, performance data, volume etc. Everything is available online.
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.
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.
thank you.. but my guide is not a finance professor.. 🙁
I just don’t have the bandwidth to guide you Aruna.
pls help me in etf gold mins
What are you looking to do Dinesh?
NSE
is it worth putting money on gold etfs or mutual funds ?
I think ETF’s are good for Trading!
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.
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
HDFC Gold ETF
http://www.docstoc.com/docs/44274509/Hdfc-Gold-Exchange