Top 5 Gold ETFs in December 2025 Based on Expense Ratio

Gold ETFs continue to attract investors seeking diversification, inflation protection and a transparent, exchange-traded alternative to physical gold. Expense ratio remains a key cost metric, directly influencing net returns.
This article highlights the top 5 gold ETFs for December 2025, ranked primarily by their expense ratios and supported by performance data and short-term return trends.
Gold ETF Comparison Table – December 2025 (Ranked by Expense Ratio)
| ETF Name | Market Cap (₹ Cr) | 1Y Return (%) | Expense Ratio (%) |
| Zerodha Gold ETF | – | 64.14 | 0.30 |
| Mirae Asset Gold ETF | 28.53 | 64.24 | 0.35 |
| Angel One Gold ETF | 8.28 | 16.99 | 0.35 |
| Tata Gold Exchange Traded Fund | 12.70 | 63.71 | 0.40 |
| LIC MF Gold ETF | 231.70 | 64.56 | 0.41 |
Note: The above data is as of December 12, 2025 and is ranked based on expense ratio.
Key Takeaways
- Gold ETFs with lower expense ratios help reduce ongoing holding costs, which can support more efficient long term returns.
- Market capitalisation varies significantly across ETFs, which may influence liquidity and trading flexibility.
- Investors should consider both cost metrics and broader operational factors such as fund size, tracking efficiency and ease of execution.
Why Expense Ratio Matters in Gold ETFs?
The expense ratio represents the annual cost charged by the fund to manage and operate the ETF. Because gold ETFs aim to closely mirror the price of physical gold, differences in expense ratios can directly affect overall returns.
Lower costs help minimise the drag on performance, particularly for investors holding these instruments over longer periods.
While the expense ratio is a central consideration, it is most effective when evaluated alongside liquidity, tracking quality and the ETF’s scale in the market.
Where to Learn More About These ETFs?
ETFs are exchange traded funds and, like stocks, are held in a demat account. To explore each of the ETFs mentioned above in detail including their latest NAVs, historical performance, and portfolio allocation you can visit Angel One's ETF page.
For a broader look at mutual fund offerings and categories, check out Angel One’s mutual fund page.
Conclusion
Expense ratio remains one of the most influential factors in evaluating a gold ETF, particularly for long-term holdings where costs compound over time.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 14, 2025, 9:15 AM IST

Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know More- Tata Mutual Fund Reopens Subscriptions for Tata Gold ETF and Gold ETF FoF
- Upcoming NFO: HDFC Mutual Fund Files Draft for BSE REITS and Commercial Real Estate Index Fund
- India’s Mutual Fund AUM Jumps 143% Since 2021, With Passive Assets Up 324% and Equity Funds Rising 224%
- Upcoming NFO: Mirae Asset Mutual Fund Files Draft for Mirae Asset Nifty NBFC ETF
- NFO Alert: Quantum Mutual Fund Launches Quantum Flexi Cap Fund


