How one can buy gold through demat or ETF in India? Can anyone explain the process in detail. Thank you every?

one in advance. - Kishore

4 Answers

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  • 10 years ago
    Best answer

    Same as how you buy stocks from stock market.

    1) Open an account in ICICI Direct (or any other share broker like Sharekhan, Geogit, reliance money) or your bank may partnered with brokerage firm - ICICI Bank with ICICI direct, Citi bank with Kodak, Federal bank with Geogit).

    2) Buy BeeS Gold ETF script (there are many gold ETF like SBI Gold ETF, UTI Gold EFT, but BeeS is much better because it is highly traded in NSE or BSE (compared to others) and has minimum maintenance charges (I think it is 1% per annum)

  • Pamela
    Lv 4
    4 years ago

    A Gold exchange-traded fund (or GETF) is a special type of exchange-traded fund (ETF) that tracks the price of gold. You can definitely buy a GoldETFs in India. There are a number of them Benchmark Gold ETF(GoldBeES) Kotak Gold ETF (KOTAKGOLD) UTI Gold ETF (GOLDSHARE) Reliance Gold ETF (RELGOLD) check it...All the Best!

  • HMT
    Lv 7
    10 years ago

    For buying Gold ETFs you should have a demat a/c.

    Then you can buy Gold ETFs on the NSE, either on-line or thru a share broker.

    HMT

  • 10 years ago

    Hi Kishore,

    You need to have online trading and demat account for that purpose.

    In online trading account please select the gold ETF you want to invest (like KOTAKGOLD for Kotak ETF) and place a purchase order.

    Regards,

    Pranav

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