The gold benchmark ETF (Gold BeES) touched an intra-day high of Rs 1,105 and a low of Rs 940, while 30.484 units have exchanged hands on the NSE.

The ETF was trading at Rs 949.10 per unit in the mid-day trade and the face value of the Gold BeES is Rs 100 each.

One unit of the scheme is equivalent to one gram of gold. The scheme, whose initial public offering closed on February 23, re-opened for fresh investments and sales on March 16.

Gold BeES is intended to offer investors a means of participating in the gold bullion market without taking physical delivery of gold and to buy and sell on NSE.

Gold BeES is likely to provide returns that, before expenses, closely correspond to the returns provided by domestic price of gold through physical Gold.

However, the performance of the scheme may differ from that of the domestic prices of Gold due to expenses and certain other factors.

The scheme was launched on February 15, 2007. The performance of the scheme will be benchmarked against the price of gold.

Aarati Krishnan

The table captures 5-year and 10-year returns for gold and the Indian equity market between 1997 and 2007 on a rolling basis, at monthly intervals. Equities have delivered superior returns, with a lower possibility of losses over this period. Gold prices are London prices, in dollar terms.
*No. of months investor would have made a loss, out of total.