Gold Fund

[Uninitiated]

Please suggest a good Gold Fund for starting a SIP for 1 year which I then intend to hold for a time frame of 3-5 years. Thanks in advance and regards.

 

[rajenderballa]

BENCHMARK GOLD ETF is the best one, which has less charges compared to all other gold ETF's.

 

[nikrod]

BENCHMARK GOLD ETF is the best one, which has less charges compared to all other gold ETF's.

Note that since it is an exchange traded fund, it might not have SIP facility. You will have to manually invest every month.

 

[sln1941]

Does one unit mean 1 gm ? The cost of one unit Benchmark Gold ETF is much more than 1 gm of gold in the market and that is why the query.

S.Lakshminarayanan

 

[nikrod]

Does one unit mean 1 gm ? The cost of one unit Benchmark Gold ETF is much more than 1 gm of gold in the market and that is why the query.

S.Lakshminarayanan

Yes one unit price is equivalent to 1gm.

Today's closing price for Gold BEES is 1843.22

Today's Standard gold & pure gold prices were 18,790 and 18,875 respectively. So I see a little divergence in ETF & gold price.

 

[sln1941]

Yes one unit price is equivalent to 1gm.

Today's closing price for Gold BEES is 1843.22

Today's Standard gold & pure gold prices were 18,790 and 18,875 respectively. So I see a little divergence in ETF & gold price.

Thank you. I must have seen the wrong quote and made that observation. I should be more careful in future to ensure that I don't waste the time of such useful busy friends

S.Lakshminarayanan

 

[rajenderballa]

Nikrod,

Where can we find Standard gold & pure gold prices, I mean can you post the link or site to track live gold rates. Thanks in advance.

 

[nikrod]

Nikrod,

Where can we find Standard gold & pure gold prices, I mean can you post the link or site to track live gold rates. Thanks in advance.

I just Googled it and followed the first few links. Make a search and you'll get it too.

 

[rajenderballa]

I found a link where we can view live gold price in different currencies like INR, USD for each gram/kg/ounce etc.

http://goldprice.org/