One Gold ETF unit is equal to 1 gram of 24k gold and is backed by physical gold of very high purity. Gold Fund of Funds, more commonly referred to as Gold Mutual Funds are open-ended funds which invest in units of Gold ETF. Exchange traded Funds (ETFs), Fund of Funds and of late, Sovereign Gold bonds.googletag.cmd.push(function() {googletag.display('div-gpt-ad-8052921-2'); }); Gold ETFs are units representing physical gold in dematerialized form. One Gold ETF unit is equal to 1 gram of 24k gold and is backed by physical gold of very high purity. Gold Fund of Funds, more commonly referred to as Gold Mutual Funds are open-ended funds which invest in units of Gold ETF.

Source: Indian Express November 13, 2023 09:07 UTC