what is gold etf and how does it work?
Hi,
A Gold ETF, or Gold Exchange Traded Fund, is like buying digital gold instead of physical gold jewelry or coins. I recently invested and found out that it works just like buying a stock on the share market you purchase units of the Gold ETF through your Demat account, and the value of each unit moves up or down depending on the price of real gold in the market. The best part is, you don’t have to worry about storing or keeping gold safe at home, because what you own is in digital form but still backed by actual gold. Whenever you need, sell those units easily in the market just like selling shares and get the money in your account. It’s a simple and hassle-free way to invest in gold without dealing with the risks of physical gold.