London Stock Exchange ETF segment · ETF
Invest in GBS ETF from India
Indian and foreign residents can buy Gold Bullion Securities (GBS) units directly through Paasa.
By Paasa · Updated
GBS at a glance
- Price
- $382.00+$2.54 (0.67%)
- Expense ratio
- 0.4%
- Day range
- $382.00 – $382.97
- Assets
- $3.5B
- Domicile
- the UK
- Holdings
- —
- Launched
- 2004
- Dividends
- —
- 1 month
- -8.21%
- 6 months
- -7.47%
- YTD
- -4.39%
- 1 year
- +8.97%
- 5 years
- +133.02%
Price change, excluding dividends.
Top holding
- 1Gold100.0%
These 1 are 100.0% of the fund.
How to invest in GBS from India
Step 1
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.
Step 2
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.
Step 3
Search GBS and buy
Find the fund by its ticker, GBS, on the London Stock Exchange ETF segment, and place your order.
Why invest in GBS from India
What GBS holds
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.
Hold a dollar asset
GBS is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy GBS from India?
Yes. Indian residents can buy Gold Bullion Securities (GBS) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does GBS invest in?
Its largest holding is Gold (100.0%). The fund is domiciled in the UK.
What is the expense ratio of GBS?
Gold Bullion Securities has an expense ratio of 0.4% a year, taken from the fund's assets rather than billed to you. The fund manages about $3.5B.
What tax do I pay in India when I sell GBS?
In India, gains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation, and gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.