NSE to extend gold ETF trading session on Akshaya Tritiya

The National Stock Exchange on Thursday said it has decided to extend the trading session for Gold ETFs till 8 pm on Akshaya Tritiya (April 24) and that traders would not be charged for 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, (National Stock Exchange) NSE said in a statement.

There will be no transaction charges for trading in Gold ETFs on that day, it added.

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, NSE said.

Since 2007, the CAGR in trading in value terms on Akshaya Tritiya day has been 189 per cent.

Gold ETFs have seen phenomenal growth on the NSE since their launch in 2007. The traded value increased from Rs 1,172 crore in 2008-09 to Rs 11,532 crore in 2011-12, it said.