gold ETF

I have few doubts.
If suppose I'm buying a gold in ETF , is it on deliver basis or intra day basis?
If I'm not interested in selling it and i want the gold to deliverable me physically ,how will it be done?
I'm sure that I'll be buying gold from another trader like me, but who sold it initially? And where are the gold actually stored?

Any help appreciated.

You wanna know how an ETF is made?

You can take delivery of the ETF units. If you want delivery of gold you will have to buy a creation block, with is a big lot of the ETF units. The company will then give you delivery of the gold physically.

Initially an ETF is floated by a firm, then they create creation blocks, these are sold to brokers and other intermediaries. Who break up the lots and sell to retail investors.

The gold is not stored anywhere it is paper gold, and taken on paper from another institution who is willing to loan the gold for the ETF creation blocks.

Motilal oswal has an ETF that has delivery option. 99% people dont know how an ETF is created or how it works. Hope I helped.

I didn't get, can you explain little more....

Corporate create ETF and sell it to us via brokerage and if we want it to be delivered physically, then we must buy certain amount of that ETF, is it correct...?

And if they can do like this, i have seen commodities such as rice , potato, cotton been traded in MCX . My father is a farmer can he also sales his goods in MCX ....?

Thank you.

Yes, you have to buy certain amount. Research the motilal oswal gold ETF i am 100% sure it has delivery.

I dont have any knowledge of commodities and cannot give you an answer. You should ask that in commodities section.