BSE extends trading hours for gold ETFs on Akshaya Tritiya

By shubhamagarwal

Posted on April 28, 2017

As of now, if you want to do trading in Gold ETF, BSE allows you to do so in the timings between 9.15am to 3.30pm but on the special occasion of Akshaya Tritiya, BSE has extended the trading hours from the regular ones to 7 pm. After 3.30 pm, trading hours will again start from 4.30pm and end at 7 pm.

BSE, Bombay Stock Exchange is one of the Leading stock exchanges. If you want to invest your money in Gold ETF, exchange traded funds or Sovereign Gold Bond then you are allowed to trade by 7 pm on the auspicious occasion of Akshaya Tritiya on coming 28^th April.

It is generally believed that certain occasions are considered auspicious for trading in gold.

Such Occasions include

• Akshaya Tritiya
• Dhanteras, and
• Diwali

On these occasions, if you buy or invest in Gold Exchange fund, then your Good luck will stay with you for the year to come according to the Hindu mythology. So, on these days, trading is normally on a higher as compared to regular days.

Bombay Stock Exchange recently issued an official circular regarding extended trading hours for Gold ETF and sovereign Gold bonds. Akshaya Tritiya is coming on 28 April, Friday and the day is very auspicious and fruitful for buying or trading. Seeing this market trend and the immense curiosity of the public to trade in gold ETF, BSE has planned to extend the trading hours so that any kind of investment in Gold can be made without any hassle.

Usually, trading hours are 9.15am to 3.30pm but the window will open again at 4.30pm and extend till 7 pm.

What is Gold ETF?

One unit of Gold ETF is almost equal to 1gms of gold. Here, you don’t need to carry gold physically and he or she gets an optimum return as per the regular market price of the gold.

What is Sovereign Gold Bond?

Under Sovereign Gold bond, customers are given government securities value worth gold value already exist with the customer in its physical form.

Wrapping Up

This is one of the bold steps taken by BSE to give investors one of the best trading hours this Akshaya Tritiya.

BSE extends trading hours for gold ETFs on Akshaya Tritiya