The choice between investing in a Gold ETF or Sovereign Gold Bond (SGB) depends on an individual's investment goals, risk tolerance, and financial situation. Factors to consider when choosing between the two:

• Gold ETFs are more liquid than SGBs... (More)

I will say gold etf is better for one reason only. They are liquid unlike sovereign gold bonds. Despite such high volumes on nse the SGB market is illiquid I think. 

The difference between Gold ETF and SGB is very similar to Mutual funds and Direct Equity.

Gold ETF is a fund. The scheme invests in Gold and then sells the fund units. The NAV is decided mainly by the gold... (More)