Motilal Oswal Mutual Fund has launched Motilal Oswal MOSt Gold ETF (MOSt Gold Shares), an open ended exchange traded fund that invests in gold bullion. MOSt Gold Shares is India’s 1st Gold ETF of its kind which enables Investment as well as Consumption of Gold for Retail Investors. The NAV of the MOSt Gold Shares unit will track spot price of 1 gm of gold. Valued at spot gold bullion prices, investors can get pure imported Gold at a price lower than any other option in the market by redeeming the ETF units for physical gold bars in as low as 10 grams across 22 cities in India. Nitin Rakesh, CEO, Motilal Oswal AMC says, “MOSt Gold Shares offers the best of both worlds – investment cum consumption - in a very cost effective way.”