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EGR: Now you will be able to buy and sell gold like shares, trading will be done from Monday to Friday, know full details

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New Delhi. Now you will be able to buy and sell gold like shares. Its trading will be from Monday to Friday. Market regulator SEBI has issued guidelines in this regard. Under this, the stock market can fix the trading time frame in the Electronic Gold Receipts segment from 9 am to 11.55 pm.

The Securities and Exchange Board of India (SEBI) in the circular, giving details of various aspects related to trading of EGR on the stock market, charges to be levied on transactions, wholesale deals, price range, provisions of Investor Protection Fund and Investor Service Fund. have been determined.

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Electronic receipt will be given on depositing gold
According to the circular, it will be the responsibility of the exchange to keep reasonable charges levied by the stock exchanges on EGR transactions so that the interest of investors is not affected. According to the blueprint of gold exchange prepared by SEBI, an electronic receipt will be given on depositing physical gold. This receipt will be traded on the Gold Exchange. Delivery of physical gold can also be taken by submitting this electronic receipt.

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…so the way of operating such an open gold exchange
The market regulator approved the framework of the Gold Exchange SEBI Regulations 2021 on 28 September 2021. The EGR was subsequently notified as a security in December 2021 under the Securities Contracts (Regulation) Act, 1956. This paved the way for the operation of gold exchange in India. After this, the framework was also issued for the operation of gold exchange in India.

Learn more about EGR Trading
The circular states that stock exchanges may fix their trading hours within the time-frame of 9:00 am to 11:30 pm/11:55 pm.
The trading holiday will be jointly decided by all the stock exchanges. Exchanges may allow trading in the session after 5:00 pm, if the markets are open internationally.
The pre-open session will be for 15 minutes from 8:45 AM to 9:00 AM. In this, 8 minutes will be allowed for order entry, order modification, order cancellation and 4 minutes for order matching and trade. The remaining 3 minutes from the pre-open session will be the buffer period for the transmission facility in the general market.
– The session will be closed randomly during the last one minute of order entry. This means the order will be closed anytime between 7th and 8th minute of entry.

Tags: SEBI

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