The Gold ETF fund will purchase a large amount of gold, maintaining the physical metal in storage. It will then issue shares in baskets, the idea here being that the value of the shares will increase with the price of gold bullion. If the price of gold goes up by 10 per cent then individual shares would increase in value by the same 10 per cent. Essentially, a gold ETF trades like a stock and its worth is meant to track a percentage of an ounce of gold. For example, a unit of a Gold ETF may be fixed at a value of 1/10th an ounce of gold. These units can be bought and sold on the stock exchange.
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