BSE extends trading hours for gold ETFs, sovereign gold bonds on Akshaya Tritiya, till 7 pm on 28 April, 2017 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, April 26, 2017

BSE extends trading hours for gold ETFs, sovereign gold bonds on Akshaya Tritiya, till 7 pm on 28 April, 2017

BSE extends trading hours for gold ETFs, sovereign gold bonds on Akshaya Tritiya, till 7 pm on 28 April, 2017

Leading stock exchange BSE has extended trading hours for gold exchange traded funds (ETFs) and Sovereign Gold Bond till 7 pm on 28 April, 2017 on account of Akshaya Tritiya.

Occasions like Dhanteras, Diwali and Akshaya Tritiya are considered auspicious to buy valuables like gold in India. Trading in gold ETFs is usually higher on these days.

“On the auspicious occasion of Akshaya Tritiya on Friday, 28 April, the exchange has decided to conduct extended Live Trading session in Gold Exchange Traded Funds (ETF) securities and Sovereign Gold Bond (SGB) securities in the equity segment,” BSE said in a circular issued on Monday.
After the regular market hours from 9.15am to 3.30pm across all segments, trading in gold ETFs will resume at 4.30pm and continue till 7 pm, it added.

Gold ETFs track physical market gold prices and each unit of these ETFs is generally equivalent to one gram of gold while Sovereign Gold Bonds are government securities denominated in grams of gold offering an alternative to holding gold in physical form.

In gold ETFs, returns are linked to the domestic price of physical gold but spare the investors from the trouble of buying and keeping the yellow metal in physical form.


The extended trading would be allowed in gold ETFs of mutual funds including Axis MF, HDFC MF, IDBI MF, Reliance MF, Quantum Religare MF, Kotak MF and Birla SunLife MF.
BSE extends trading hours for gold ETFs, sovereign gold bonds on Akshaya Tritiya, till 7 pm on 28 April, 2017 Reviewed by S. Chitra on April 26, 2017 Rating: 5 BSE extends trading hours for gold ETFs, sovereign gold bonds on Akshaya Tritiya, till 7 pm on 28 April, 2017 Leading stock exchange BS...

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