Is goldbees same as gold?

Gold BEE transaction cost Investors can trade 1 unit of Gold BEE, which is equivalent to 1 g of gold. Gold mutual funds invest in gold ETFs, while gold ETFs invest in gold with a purity of 99.5%. These ETFs can be traded using a trading account and a demo account. Therefore, buying and selling are done in terms of cash and not in terms of gold.

The prices of gold ETFs are the same throughout India and, therefore, there is total transparency when it comes to transacting with them. These funds have an expenditure ratio of up to 1%. In addition, there are additional expenses, such as brokerage and transaction costs. Few asset management firms (AMC) allow investors to exchange their gold ETFs for gold.

As long as the investor has ETFs worth 1 kg of gold and in multiples of them.