You can find everything about gold mutual funds here, including how it works, some available investment funds, and their advantages and potential returns.
A gold fund is an investment fund that holds gold-related assets. Most existing gold funds deal with gold bullion, futures contract, or securities of gold mining companies.
The pricing of gold fund units is different from those of gold ETFs. You can see their price by looking at their net assets. A fund discloses these once the trading hours end.