Gold the evergreen asset is once again being sought as a safe haven by people and governments alike in the face of the recent global economic turbulence. Holding gold in its physical form has many drawbacks that are making alternatives like gold mutual funds, gold ETFs, etc popular. Gold Exchange Traded Funds are open-ended gold funds listed on stock exchanges. They try to track the price of physical gold. Each unit of the fund purchased corresponds to approximately 1 gram of gold. Like shares they can be bought and sold on the exchange.
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