NSE to extend trading session for Gold ETFs on Akshaya Tritiya
Mumbai: The National Stock Exchange[NSE] on Thursday said that it has decided to have an extended trading session for gold exchange traded funds till 8 pm on the occasion of Akshaya Tritiya day (April 24) and that traders would not be levied transaction charge towards their trades in gold ETFs that day.
After the regular market hours from 9.15 am to 3.30 pm, trading in gold ETFs will resume at 4.30 pm on April 24 and continue till 8 pm, NSE said in a statement.
There will be no transaction charges for trading in Gold ETFs on that day, the release said adding the gross traded value in Gold ETFs on Akshaya Tritiya day had gone up from Rs 345 crore in 2010 to Rs 846 crore in 2011. Since 2007, the CAGR in trading in value terms on Akshaya Tritiya day has been 189 percent.
Gold ETFs have seen phenomenal growth on NSE, since they were launched in 2007. The traded value increased from Rs 1,172 crore in 2008/9 to Rs 11,532 crore in 2011-12, it said.