Applicability of Price Band - Electronic Gold Receipts (EGR) segment · 20260612-20
BSE notice 20260612-20 · 12 Jun 2026
Official record
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BSE establishes price bands for the Electronic Gold Receipts (EGR) segment to ensure orderly trading and market integrity. A price range of +/- 5 percent of the previous day close price applies during the pre-open session. The initial dynamic price band is 10 percent of the previous close price. If market trends cause price movement, the exchange relaxes the dynamic price band in 5 percent increments after a 15-minute cooling off period. Trading continues within the existing band during the cooling off period. In exceptional circumstances involving extreme price movement in international markets, the exchange may relax the price band directly to a required level after providing notice to the market.
What you must do
- Market participants must place orders within the applicable dynamic price bands.
Key dates
- Notice Date
- Not dated
Document text
[Image omitted. See the official document.]
NOTICE
| Notice No. | 20260612-20 |
|---|---|
| Notice Date | 12 Jun 2026 |
| Category | Trading |
| Segment | EGR |
| Department | DOSS |
| Subject | Applicability of Price Band - Electronic Gold Receipts (EGR) segment |
| Attachments | No Attachment |
This is reference to SEBI circular no. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/87 dated June 24,2024 on “Electronic Gold Receipts (EGR) segment”
With the view to ensure orderly trading and protect market integrity, the following price bands in the EGR segment is applicable to prevent acceptance of orders for execution that are placed beyond the price limits-
- The Price Range of +/- 5% of previous day’s close price shall be applicable on EGR during pre-open session.
- The initial price limit for the price band (dynamic Price Band) shall be set at 10% of the previous close price.
- In the event of a market trend in either direction, the dynamic price band shall be relaxed in increments of 5% after the cooling off period of 15 minutes.
- During the cooling off period, trading shall continue to be permitted within the previous price band.
- If the last trade occurs at 9.90 % or more of the base price, the dynamic price band shall be relaxed to 15% with a cooling off period of 15 mins. Subsequently, if the last trade occurs at 14.90% or more then the same would be relaxed to 20% and so on.
Upward flex scenario
| Product | Close price on (T-1 day) | Price band applicable on (T Day) start of day | Lower Band | Upper Band | If Upper price band Flexed to | New Price Band after cooling off period of 15 minutes |
|---|---|---|---|---|---|---|
| A | 100 | 10% | 90 | 110 | 115 | Rs 90 - Rs 115 |
Downward flex scenario
| Product | Close price on (T-1 day) | Price band applicable on (T Day) start of day | Lower Band | Upper Band | If Lower price band Flexed to | New Price Band after cooling off period of 15 minutes |
|---|---|---|---|---|---|---|
| A | 100 | 10% | 90 | 110 | 85 | Rs 85 - Rs 110 |
- In the event of exceptional circumstances, where there is extreme price movement beyond the initial price limit in the international markets during trading hours or after the closure of trading on domestic exchanges, the price band shall be relaxed directly to the required level, by giving appropriate notice to the market.
For & on behalf of BSE Ltd.
Soumil Shah Deputy Vice President Surveillance
Harish Kadam Manager Surveillance
Date: June 12, 2026
Source details
- Source
- BSE Ltd (Bombay Stock Exchange)
- Type
- notice
- Published by source
- 12 Jun 2026
- Document number
- 20260612-20
- Issuing division
- DOSS
- Coverage area
- securities