Akshaya Tritiya: Trading hours extended for gold ETFs; charges waived

The NSE and BSE have extended the trading session and waived all transaction charges for paper gold on this auspicious occasion.

To cater to the expected boom in demand for paper gold on Akshaya Tritiya, both bourses have decided to extend trading sessions in gold ETFs beyond the scheduled close on the request of AMCs. All transaction charges have been waived.

A total of 14 fund houses offer gold ETFs on the BSE. The demand for paper gold has been steadily going up due to increasing awareness, ease of trading and good returns.

The occasion has also boosted demand for physical gold. On Monday, the yellow metal touched a two-month high of Rs 29,070/10 gm.

To make the most out of this auspicious occasion, a number of distributors have planned special schemes. A few have tied up with jewellers; others are rolling out campaigns through SMS and special marketing material.

Last year on Akshaya Tritiya, volumes on the NSE alone touched Rs 423 crore, a massive increase over the Rs 172 crore recorded on the same day in the previous year.

Source: www.cafemutual.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd