InvestorQ : What is the advantage of gold ETF over holding gold in physical form?
preetam lenka made post

What is the advantage of gold ETF over holding gold in physical form?

Answer
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Prithvi answered.
4 months ago


Benefits of trading with Gold ETFs
Trading with Gold Exchange Traded Funds and buying and selling their ETF units have many advantages when compared to buying and selling physical gold. Read on below for the benefits which they offer:
You won’t have to give any making charges when buying gold ETF units. This doesn’t hold true for physical gold jewellery, coins, bars and other such material things.
Gold ETF units issued to you are linked to your credentials (KYCs) and so you need not worry about them being stolen unlike physical gold which you need to keep in a bank locker and then pay the locker fees to the bank too. Also, with Gold ETF units, you need not worry about the purity of gold which you will have to confirm through a hallmark when buying physical gold.