Gold Bullion Securities
Gold Bullion Securities (LSE: GBS) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at $379.46 (about ₹36,451 a unit) as of 29 Sep 2026, 11:35 AM ET. It has an expense ratio of 0.4%. Indian residents can buy GBS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$377.68
Today's high
$380.58
52 week low
$258.76
52 week high
$507.23
GBS opened at $377.79, closed previously at $376.13, and has traded between $258.76 and $507.23 over the past 52 weeks.
About
Gold Bullion Securities (GBS.L) represents a UCITS-compliant Exchange Traded Commodity (ETC), structured to offer investors a straightforward, cost-effective, and secure avenue for investing in physical gold. Its value is intended to mirror changes in the spot price of physical gold, net of its management fee. The ETC is underpinned by tangible, specifically allocated gold bullion, safely held by HSBC Bank plc as its custodian. Crucially, only gold bars conforming to the London Bullion Market Association's (LBMA) stringent 'Good Delivery' criteria are accepted. Each individual bar is segregated, uniquely identified, and fully allocated. To illustrate its mechanism, should the price of physical gold ascend by 1% within a day, the ETC's value would likewise increase by 1% (prior to fees). Conversely, a 1% drop in physical gold's spot price would result in a similar 1% decrease for the ETC, before any charges.
Key statistics
Expense ratio
0.4%
Assets (AUM)
$3.5B
Holdings
—
NAV
$378.19
Avg. volume
—
1-year price change
+8.25%
5-year price change
+131.47%
Price change excludes dividends.
Top holding
These 1 are 100.0% of the fund.
How to buy GBS from India
Indian residents can buy GBS units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search GBS and buy
Find the fund by its ticker, GBS, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in GBS from India
Trading and taxes when buying GBS from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the GBS price today?
Gold Bullion Securities (GBS) last traded at $379.46 on the London Stock Exchange ETF segment, as of 29 Sep 2026, 11:35 AM ET. That is ₹36,451 a unit at the 29 Sep 2026 USD/INR rate.
When does GBS trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is GBS, and what does it cost to hold?
Gold Bullion Securities manages about $3.5B. Its expense ratio is 0.4% a year, deducted inside the fund. It launched in 2004.
What are GBS's largest holdings?
Its largest holding is Gold (100.0%).
How are gains on GBS taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has GBS performed?
GBS' price is up 8.3% over the past year and up 131.5% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.