Country’s leading bourses, Bombay Stock Exchange and National Stock Exchange on Sunday conducted special trading sessions in gold Exchange Traded Funds (ETF) in the eve of Akshaya Tritiya.
Volumes were relatively high on the NSE platform during the day at Rs. 172.39-crore while that of BSE stood at Rs 24.87 crore. Historically, gold sales surge on Akshaya Tritiya.
“The special trading session was a big success as reflected in the volume,” an NSE official said.
Seven Gold ETFs including Benchmark Goldbees, Kotak Gold ETF, Quantum Gold Fund, Reliance Gold ETF, Religare Gold ETF, SBI MF-SBI Gold ETS-Go and UTI Gold ETF were available for trading.
Both the Exchanges kept the market open from 9 a.m. to 3.30 p.m. on Sunday for the special trading session in Gold ETFs that are traded on the Exchanges’ equity trading platform.
Gold ETFs have been doing well in Indian markets.
Compared to other geographies where ETFs are popular, India is unique in the sense that the ETF market till date has been driven by gold ETFs, both in terms of number of instruments and AUM (assets under management).