Question
Consider the following statements about ‘Gold Exchange Traded Funds (ETFs)’:
Consider the following statements about ‘Gold Exchange Traded Funds (ETFs)’:
I. Gold ETFs are passive investment instruments that are based on gold prices.
II. One gold ETF unit is equivalent to one gram of gold and does not need to be backed by physical gold.
III. Gold ETF, aims to track the International physical gold price. Which of the statements given above is/are correct?
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