New Delhi: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have extended the trading session for Gold Exchange Traded Funds (ETFs) on Monday till 1900 hours on Dhanteras, the festival in which buying of gold is considered auspicious.
Gold ETF is a mutual fund traded in the stock market. The price of gold ETF tracks the stock market. Those who wish to buy gold which offers return or income, gold ETFs are a good option. All one needs is a mandatory Demat account, and trade on gold through a fund house.
The fund houses will charge 1 percent fee annually from the gold ETF. One earns income from gold ETF depending on the stock market movement. There is no interest income, and can be sold at the live price of gold ETF. One can buy even a small unit of 1 gram of gold through the ETF.