Best Gold ETFs with Low Tracking Error in October 2026

In October 2026, investors seeking exposure to gold through exchange-traded funds (ETFs) can consider options with low tracking errors. These ETFs aim to closely follow the performance of gold prices, providing a reliable investment avenue.  

Gold ETFs with low tracking error tend to closely mirror domestic gold prices, offering investors a cost-efficient and transparent way to gain exposure to gold. Here is a list of Gold ETFs with low tracking error for September 2026.   

Gold Exchange-Traded Funds (ETFs) are investment instruments that aim to track the domestic price of physical gold by investing primarily in gold bullion or related assets. Since these ETFs are traded on stock exchanges like regular shares, investors can benefit from movements in gold prices without dealing with the challenges of storing physical gold or concerns about purity and security.    

One important measure used to evaluate gold ETFs is tracking error. This metric shows how closely a fund’s performance matches its benchmark, which is usually the domestic price of gold. 

Here are the top 5 gold ETFs with minimal tracking errors. 

Top Gold ETFs with Low Tracking Error in October 2026 

Here is the data from the image organized into a clean, markdown table: 

Note: In the above data, the NAV is as of September 30, 2026, and AUM is as of August 31, 2026. 

LIC MF Gold ETF 

Managed by Sumit Bhatnagar, the LIC MF Gold ETF has an asset under management (AUM) of ₹1,500.3 crore and an expense ratio of 0.45%. Launched on November 9, 2011, this open-ended fund tracks the Gold-India benchmark. Its net asset value (NAV) stands at ₹132.37, with a 52-week high of ₹15,263.2 and a low of ₹121.78. The ETF has a tracking error of 26%. 

Mirae Asset Gold ETF 

Ritesh Patel manages the Mirae Asset Gold ETF, which has an AUM of ₹3,529.7 crore and a low expense ratio of 0.35%. Introduced on February 20, 2023, this open-ended fund also follows the Gold-India benchmark. Its NAV is ₹142.82, with a 52-week high of ₹169.4 and a low of ₹113.64. The tracking error is 26.15%. 

DSP Gold ETF 

Under the management of Ravi Gehani, the DSP Gold ETF has an AUM of ₹2,854.9 crore and an expense ratio of 0.45%. Launched on April 28, 2023, it tracks the Gold-India benchmark. The NAV is ₹14.27, with a 52-week high of ₹169.43 and a low of ₹14.21. The tracking error is 26.26%. 

Invesco India Gold ETF 

Managed by Abhisek Bahinipati, the Invesco India Gold ETF has an AUM of ₹786.3 crore and an expense ratio of 0.5%. This open-ended fund, introduced on March 12, 2010, follows the Gold-India benchmark. The NAV is ₹127.72, with a 52-week high of ₹14,873.7 and a low of ₹121.27. The tracking error is 26.39%. 

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How to Choose the Right Gold ETF?  

While checking gold ETFs with low tracking error, investors may evaluate the following factors:    

• Expense Ratio: Funds with lower costs generally tend to have lower tracking deviation over time.
• Liquidity: Higher trading volumes usually result in narrower bid-ask spreads, making entry and exit more efficient.
• Assets Under Management (AUM): Larger funds often benefit from operational efficiencies and better cost management.
• Historical Tracking Difference: Reviewing performance consistency across multiple timeframes can provide insight into how effectively a fund mirrors gold prices. 

Conclusion 

In October 2026, the top 5 gold ETFs with low tracking errors include LIC MF Gold ETF, Mirae Asset Gold ETF, DSP Gold ETF, Invesco India Gold ETF, and Angel One Gold ETF. These funds offer investors efficient gold exposure with tracking errors ranging from 26% to 27%. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.