Question

In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?
[A]Debenture
[B]G-Sec security
[C]Mutual Fund
[D]Commercial Paper

Please elaborate if possible.

Answer 1

[C] Mutual Fund is the answer....

Answer 2

Mutual Fund is the answer Mutual Fund Gold are fund schemes that invest in gold bullion 99.5% purity.