Zee Media Bureau
Leading stock exchanges NSE and BSE have decided to extend trading hours for Gold Exchange Traded Funds (ETFs) till 7 PM on Tuesday, on account of Akshaya Tritiya.
BSE has also decided to waive off transactions charges for all trades in gold ETFs on that day, when it is considered auspicious to buy the yellow metal,
The exchanges will conduct extended live trading session on Tuesday, April 21 for trading in Gold ETF securities only, the two bourses said in separate circulars.
After the regular market hours from 9:15 AM to 3:30 PM across all segments, trading in gold ETFs will resume at 4:30 PM and continue till 7 PM that day, it added.
The gold ETFs track the physical market gold prices and each unit of these ETFs is generally equivalent to one gram of gold.
It is considered auspicious to buy valuables like gold on occasions like Dhanteras, Diwali and Akshaya Tritiya in India. Trading in gold ETFs is usually higher on these days.
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 Axis, Goldman Sachs, HDFC, ICICI Pru, Kotak, Quantum, Reliance, Religare, SBI, UTI and Birla Sun Life mutual funds.
With PTI Inputs
