| Gold prices have corrected sharply in the last few weeks with the US Federal Reserve winding up its stimulus programme. Long-term investors can use this decline to accumulate gold with a two/three year perspective. At $1,172/ounce, prices are down 38 per cent from their lifetime high. Indian investors can start an SIP (systematic investment plan) in gold exchange traded funds (ETFs) now. The largest and most liquid gold ETF in India is Goldman Sachs’ gold ETF, GoldBeES. It trades at about ?2,428.
Gold ETF units were trading at a considerable premium to their NAV (net asset value) till recently due to supply disruptions following Government restrictions on gold imports. However, they are now available in the market at close to NAV price...............................................Full Article: Source
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