India, Jan. 24 -- Investing in gold and silver through ETFs has become a popular choice for many Indian investors because it combines the convenience of stock market trading with exposure to precious metals. Yet, a common source of confusion is the wide variation in prices of ETFs tracking the same metal.

For instance, in silver, Nippon India Silver ETF is trading at Rs. 292.73, ICICI Prudential Silver ETF at Rs. 306.55, and Zerodha Silver ETF at Rs. 31.23 per unit. Similarly, in gold, SBI Gold ETF trades around Rs. 131.51 per unit, HDFC Gold ETF at Rs. 131.88, and ICICI Prudential Gold ETF at Rs. 132.42. On the surface, it may seem puzzling that different ETFs tracking the same underlying metal can have such divergent prices.

ETF Unit...