Performance of gold exchange traded funds (GETFs): Pre and post pandemic evidence from India

Abstract

Gold exchange traded funds (GETFs) an alternative to physical gold, tracks the underlying asset (gold) and are traded like any other securities in the stock market, providing liquidity and diversification of funds and eliminating the cost of purchasing and storing of physical gold. Besides checking the compounded annual growth rate of the GETFs, the study analyses the performance of GETFs from 2018 to 2023 and also highlights the performance in pre and post pandemic period. Further, the research examined and commented on the causal relationship between Bombay Stock Exchange (BSE) index and GETFs.