Singapore Exchange · ETF
Invest in GSD ETF from India
Indian and foreign residents can buy SPDR Gold Shares (GSD) units directly through Paasa.
By Paasa · Updated
GSD at a glance
- Price
- S$477.16-S$3.44 (0.72%)
- Expense ratio
- —
- Day range
- S$473.30 – S$482.01
- Assets
- —
- Domicile
- the US
- Holdings
- —
- Launched
- —
- Dividends
- —
- 1 month
- -3.02%
- 6 months
- -12.35%
- YTD
- -7.40%
- 1 year
- -3.88%
- 5 years
- +102.26%
Price change, excluding dividends.
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| GLDAMEXSPDR Gold Shares | 0.4% | 135.7B |
| IAUAMEXiShares Gold Trust | 0.25% | 60.0B |
| O87SESSPDR Gold Shares | — | — |
| BULLLSEWisdomTree Gold | 0.49% | 90.6M |
Assets are shown in each fund's own reporting currency.
How to invest in GSD 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, and Interactive Brokers converts the dollars to SGD when you buy.
Step 3
Search GSD and buy
Find the fund by its ticker, GSD, on the Singapore Exchange, and place your order.
Why invest in GSD from India
What GSD holds
GLD is the first to market to invest directly in physical gold. The product structure reduced the difficulties of buying, storing and insuring physical gold bullion for investors.
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.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy GSD from India?
Yes. Indian residents can buy SPDR Gold Shares (GSD) through Paasa. It is listed on the Singapore Exchange and trades in SGD. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell GSD?
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 SGD/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.
What happens to my GSD units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.