what is gold bees

Gold BeES stands for Gold Benchmark Exchange Traded Schemes, which are open-ended Exchange-Traded Funds (ETF) whose primary goal is to reflect the price movements of physical gold. A single unit of this fund equals 0.01 gram of gold in dematerialized or paper form and is backed by physical gold bullions of 99.5% purity. Being exchange-traded funds, you can buy and sell them on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) . Gold BeES are passively managed ETFs that track and provide similar returns to their benchmark, which is the domestic prices of gold, through investment in physical gold and money market instruments. They are a safe and effective way to invest in gold, and they offer a great way to diversify your portfolio and negate the hassles of purchasing physical gold. Some benefits of investing in Gold BeES include no storage and theft-related issues, no risk with respect to the purity of gold, and no extra cost pertaining to gold designing as in jewelry making.