Investment
Gold ETF
Also known as: Gold Exchange Traded Fund
Exchange-traded funds that track gold prices by holding physical gold or gold futures.
Detailed Explanation
Gold ETFs are mutual funds that invest in gold bullion and track domestic gold prices. Each unit represents a specific amount of gold (typically 1 gram). They offer high liquidity as they trade on exchanges during market hours, low storage costs, and transparent pricing. However, they carry annual expense ratios and are subject to capital gains tax based on holding period.