What are gold ETFs?

A gold ETF is just a modern, digital version of owning gold — without actually holding  it in your hand. In simple words, a gold ETF is a fund that buys real gold on your behalf and stores it safely. You don’t see the gold, but you own it — and its value moves exactly like gold prices. Each unit of a gold ETF usually represents 1 gram of gold (or a fraction of it) with high purity.