Description

BSE updates the reference price for price bands for Gold and Silver ETFs in continuation to earlier notice dated 1st February 2026. The revision is applicable for 1st February 2026 only.

Summary

BSE has issued an update notice regarding revision in the reference price for price bands applicable to Gold and Silver Exchange Traded Funds (ETFs). This notice is issued in continuation to Notice No 20260201-01 dated 1st February 2026, informing trading members about changes in the reference price for price bands. The revision is applicable exclusively for 1st February 2026.

Key Points

  • Notice issued as continuation to earlier Notice No 20260201-01 dated 1st February 2026
  • Revision applies to reference price for price bands for Gold and Silver ETFs
  • Changes are applicable for 1st February 2026 only
  • Trading members are required to note these changes
  • Notice issued by Head - Trading Operations

Regulatory Changes

No permanent regulatory changes. This is an operational update modifying reference prices for price bands on a single trading day.

Compliance Requirements

  • Trading members must note the revised reference price for price bands for Gold and Silver ETFs
  • Changes must be implemented immediately for trading on 1st February 2026
  • Members should refer to the earlier Notice No 20260201-01 for complete context

Important Dates

  • Notice Date: 1st February 2026
  • Applicable Date: 1st February 2026 (single day only)
  • Reference Notice: Notice No 20260201-01 dated 1st February 2026

Impact Assessment

Market Impact: Medium - The revision affects intraday trading in Gold and Silver ETFs by modifying price band reference prices. This may impact order execution and price discovery for these specific instruments during the trading session.

Operational Impact: Medium - Trading members need to update their systems with the revised reference prices for the day. As this is a continuation notice updating earlier information, members must ensure they have implemented the correct revised values rather than the original ones.

Scope: Limited to Gold and Silver ETFs only, with impact confined to a single trading day (1st February 2026).

Impact Justification

This is an intraday update to reference prices for Gold and Silver ETFs affecting only the current trading session. Medium importance as it impacts ETF trading parameters but is temporary and limited to one day.