If you are looking for an innovative way to buy gold, with better purity and at a lower rate, than Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares) is a good option.
MOSt Gold Shares allows investors for the very first time to directly buy gold from an asset management company. An investor can buy Gold ETFs from the stock exchange and then redeem the same for physical gold bars as lows as 10 gams.
Interestingly, one can get pure imported gold - fineness or purity of 99.5% or higher, at a price lower than other options in the market, like jewellers and banks.
MOSt Gold Shares NFO opens for subscription on March 2, 2012
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