Description
Reference price for Gold and Silver ETFs will be based on closing price of February 1, 2026, with +/- 20% price band applicable for trading on February 2, 2026.
Summary
BSE has issued a notice regarding the revision of reference prices for Gold and Silver ETFs traded on the exchange. The reference price will be based on the closing price as on February 1, 2026 (T-1 day) for trading on February 2, 2026 (T day). The prescribed price band of +/- 20% will be applicable to the closing price for trading purposes.
Key Points
- Reference price for Gold and Silver ETFs based on closing price of February 1, 2026
- Price band of +/- 20% applicable to the closing price
- Effective for trading on February 2, 2026
- Trading members requested to take note of this revision
Regulatory Changes
No regulatory changes. This is a standard operational update for daily reference price calculation methodology.
Compliance Requirements
- Trading members must use the revised reference prices based on T-1 closing prices
- Prescribed price band of +/- 20% must be adhered to for Gold and Silver ETF trading
- Trading members must ensure their systems are updated with the correct reference prices
Important Dates
- February 1, 2026 (T-1): Closing prices to be used as reference
- February 2, 2026 (T): Revised reference prices and price bands applicable for trading
Impact Assessment
This is a routine operational update affecting Gold and Silver ETF trading. The revision ensures that price bands are based on the most recent closing prices, maintaining orderly market conditions. Trading members need to update their systems accordingly. The +/- 20% price band provides adequate flexibility for ETF trading while preventing excessive volatility. Impact is primarily operational with no material market disruption expected.
Impact Justification
Routine daily adjustment of reference prices for Gold and Silver ETFs affecting price bands for next trading day. Standard operational procedure with medium impact on ETF trading.