Are gold etfs safe , is it also like MF ?


Are gold etfs generally safe ? By definition, they just fluctuate according to gold value in the market.

There are kotak, reliance, sbi, quantum, etc that give gold ETF. Since the gold ETFs depend on the value of gold in the market, I presume it doesn’t matter in choosing the etf i.e. kotak or quantum doesn’t metter here.

Is it right ?