The exchanges will conduct muhurat trading session on account of Diwali Laxmi Pujan on November 7 from 5:30 pm to 6:30 pm, BSE and NSE said in separate notices.
Top stock exchanges NSE and BSE have decided to extend the trading session for gold exchange traded funds (ETFs) and sovereign gold bonds (SGB) on November 5, till 7 pm on the occasion of Dhanteras, a festival celebrated two days before Diwali.
Gold ETFs track the metals prices and each unit of these securities is generally equivalent to one gram of gold, while SGB are government securities denominated in grams of gold and offer an alternative to holding gold in physical form.
The exchanges will conduct muhurat trading session on account of Diwali Laxmi Pujan on November 7 from 5:30 pm to 6:30 pm, BSE and NSE said in separate notices.
"On the auspicious occasion of Dhanteras on Monday November 5, 2018 the exchange has decided to conduct extended live trading session in Gold ETF securities and SGB securities in the equity segment," BSE said.
Separately, National Stock Exchange (NSE) also announced about extended trading sessions on Dhanteras.
After the regular market hours from 9:15 am to 3:30 pm, trading in gold ETFs and SGB will resume at 4:30 pm on November 5 and continue till 7 pm, the exchanges said.
It is considered auspicious to buy valuables like gold on occasions like Dhanteras, Diwali and Akshay Tritiya in India.
Meanwhile, old prices fell by Rs 94 to Rs 31,970 per 10 grams in futures trade Wednesday amid profit-booking by traders at prevailing levels even as the precious metal rose overseas.
In futures trade at the Multi Commodity Exchange, gold for delivery in December shed Rs 94, or 0.29 per cent, at Rs 31,970 per 10 grams in a business turnover of 388 lots.
Analysts attributed the fall in gold futures to profit booking by traders at the existing level but a firm trend overseas, kept losses limited.
Globally, gold was trading 0.15 per cent higher at USD 1,232.70 an ounce in Singapore Wednesday.
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 "BSE, NSE to extend trade in gold ETFs, Sovereign Gold Bond on Dhanteras")
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