In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?
[A]Debenture
[B]G-Sec security
[C]Mutual Fund
[D]Commercial Paper

Mutual Fund
Gold ETFs (Paper Gold) are mutual fund schemes that invest in standard gold bullion (of 99.5% purity). The value of an ETF is based on price of gold. These are alternative to owning physical gold.