What is Fiscal Deficit?

Fiscal Deficit is when governments total expenditure exceeds total revenue. While calculating the total revenue of the government, borrowings are not included. 

Fiscal deficit takes place either due to revenue deficit or a major hike in capital expenditure. 

The government of the country has to see that fiscal expansion or contraction should be aligned with credit contraction or expansion in the economy. 

What are Gold ETFs?

Gold ETF is commonly referred as 'Paper Gold'. Gold ETFs provide investors means to participate in gold bullion market without the need to take physical gold. Gold ETFs are mutual fund units that aims to generate return in line with physical gold.

When the gold price in the market moves up, the ETF appreciates and when the gold price in the market move down, the ETF looses its value. In Gold ETF the gold is held in dematerialized or electronic form.