SPDR Gold MiniShares Trust
SPDR Gold MiniShares Trust (AMEX: GLDM) is an exchange-traded fund listed on NYSE Arca, trading at $82.20 (about ₹7,896 a unit) as of 30 Sep 2026, 3:40 PM ET. It has an expense ratio of 0.1%. Indian residents can buy GLDM through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$82.04
Today's high
$83.00
52 week low
$75.60
52 week high
$109.74
GLDM opened at $82.95, closed previously at $82.64, and has traded between $75.60 and $109.74 over the past 52 weeks.
About
The SPDR Gold MiniShares Trust (GLDM) aims for its shares (MiniShares) to mirror the price fluctuations of gold bullion, after accounting for the trust's operational expenses. This investment vehicle provides individuals with an accessible and economical way to gain exposure to gold. Many investors will likely find that the combined costs of trading GLDM shares in the secondary market and the trust's recurring fees are lower than the expenditures associated with directly purchasing, selling, storing, and insuring physical gold in a conventional allocated bullion account.
Key statistics
Expense ratio
0.1%
Assets (AUM)
$31.1B
Holdings
—
NAV
$84.28
Avg. volume
—
1-year price change
+8.41%
5-year price change
+135.38%
Price change excludes dividends.
Top holding
These 1 are 100.0% of the fund.
How to buy GLDM from India
Indian residents can buy GLDM 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 GLDM and buy
Find the fund by its ticker, GLDM, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in GLDM from India
Trading and taxes when buying GLDM from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- 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
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the GLDM price today?
SPDR Gold MiniShares Trust (GLDM) last traded at $82.20 on NYSE Arca, as of 30 Sep 2026, 3:40 PM ET. That is ₹7,896 a unit at the 29 Sep 2026 USD/INR rate.
When does GLDM trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is GLDM, and what does it cost to hold?
SPDR Gold MiniShares Trust manages about $31.1B. Its expense ratio is 0.1% a year, deducted inside the fund. It launched in 2018.
What are GLDM's largest holdings?
Its largest holding is Physical Gold (100.0%).
How are gains on GLDM 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.
Can I buy fractional units of GLDM?
Yes. You can buy GLDM by amount rather than by whole unit, and there is no minimum trade size.
How has GLDM performed?
GLDM's price is up 8.4% over the past year and up 135.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.