Which is the Best Gold ETF in India?

[magnet]

60 paise per gram per year is about 3.3 %, so how is it less than 2.5 %?

Does gold sells for 18rs per gram?

How come it to be 3.3% ?

 

[rakesh21]

Does gold sells for 18rs per gram?

How come it to be 3.3% ?

Take today spot price Rs. 2070 / gram ..

Calculation : (0.60 / 2070) * 100 = .029 % per year which is much less than ETF (if my calculation is right).

 

[rishav_rohit]

I suggest you to invest in eGold & eSilver thatn Gold ETFs. eGold & eSilver is offered by National Spot Exchange (NSEL), which is trust worthy. No need for commodity demat account, with ordinary demat account it can be purchased. only restriction your broking house should have tie up with NSEL, pls check with ur broker.


http://www.nationalspotexchange.com/eseries.htm

I did some research on these. Maina dvantages:

1) Physical delivery of Gold is not is avaialble with ETF. but NSEL does physical delivery of Gold in major cities with 99.99% purity. It is your choice physical gold/money.

2) EFT normally has around 2.5% as annual maintenance, It is included in ETF NAV calculation. whereas only 60 paise annally charged for eGold 1gram/year, its negligible.

No. u need commodity trading ac. Check FAQs on the site.

I am an investor holding a demat account for equities. Am I required to open separate demat account for NSEL?
Yes. You have to open a separate demat account for NSEL. For holding equities and commodities, separate demat accounts are required. However, if you have a demat account opened for MCX trading, the same account can be used for NSEL. But, if you have demat account for other stock exchanges/ commodity exchanges, then you have to open separate demat account.