BSE waives off gold ETF trade transaction costs on Akshaya Tritiya
17 April 2015 1:09 AM GMT
Leading stock exchanges NSE and BSE on Thursday announced extended trading hours for Gold Exchange Traded Funds (ETFs) till 7 PM on April 21, on account of Akshaya Tritiya. BSE 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.
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.
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