Context:
Gold and silver Exchangetraded funds (ETFs) saw an extraordinary rise in demand during the calendar year (CY) 2024, driven by higher prices and favourable tax adjustments.
Gold and Silver Exchange-Traded Funds
- ETFs are investment funds that enable an investor to purchase and sell gold or silver on an exchange.
- Gold ETFs
- They mirror the price of gold by holding physical gold or gold-related securities.
- Silver ETFs
- They are based on the price of silver and maintain physical silver or silver-related assets.
