Vol. 3, Issue 1 (2018)
A study on performance of gold ETFs trading in national stock exchange in India
Author(s): S Prachee Jain, Stella Mary
Abstract: Gold is considered as one of the best investment avenue in India and the traditional method of investment. In the past few years growing demand of Gold and boom in capital market gave rise to many investment options in gold like Gold futures in Commodities, Gold ETFs etc. This paper aims to study the performance of selected gold ETFs traded in NSE in India and to analyse the variations and risk behavior pattern of Gold ETFs in India which are traded in NSE. The data collected for this study was taken from NSE website for three years from 1st Jan 2015 to 31st December 2017. It also tries to evaluate the relationship of Gold ETFs with the Spot Price and Nifty 50 by using Correlation. It is found that ETFs are positively correlated to spot Gold Price and it is negatively correlated to Nifty50.