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SEBI proposes price bands for gold and silver ETFs

The unprecedented volatility in the prices of gold and silver in recent weeks has prompted markets regulator Sebi to have a closer look at the price bands and circuit filters for exchange traded funds (ETFs).

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Sebi proposed to put +/-20% price bands on ETFs on two precious metals, gold and silver. Part of the price band could also depend on the volatility in prices of these metals in the international markets, Sebi said. The regulator is also proposing graded price bands for ETFs on debt and equity indices, with a similar +/-20% range.

In the seven-page consultation paper, Sebi proposed an initial price band of +/-6% for gold and silver ETFs, which may be flexed up to +/-20% during the trading day subject to a cooling off period.

After exhausting the initial price band there will be a cooling-off period of 15 minutes, thereafter the price band will be flexed by 3%. In case the price movement in the international markets is more than the aggregate daily price limit (DPL) of 9%, the same may be further relaxed in stages of 3% by the exchange with a cooling-off period of 15 minutes. The single day maximum variation of +/-20% would be applicable

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Hari Krishna Group Turns Anniversary into Contribution: 459 Units Donated, Total Blood Collection Reaches 21,863

On its 13th anniversary, Hari Krishna Exports Pvt. Ltd. reinforces its commitment to social responsibility with a landmark blood donation drive and preventive healthcare initiative in Mumbai.

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Hari Krishna Exports Pvt. Ltd. (HK), a globally recognised diamond manufacturing company known for ethical sourcing and transparency, celebrated its 13th anniversary at The Capital, Bandra Kurla Complex (BKC), Mumbai, with a strong commitment to social responsibility and sustainable impact.

For the past 13 consecutive years, the company has marked its anniversary by organising a blood donation drive, reflecting its belief that true growth is measured by the positive difference made to society. Continuing this meaningful tradition, this year’s drive resulted in the collection of 459 units of blood, taking the organisation’s total contribution to 21,863 units of blood donated till date.

In a first-time initiative, HK also organised a Blood CBC (Complete Blood Count) Check-up Camp, which received an encouraging response. A total of 162 participants registered and completed their CBC tests free of charge, promoting preventive healthcare and well-being.

The event was attended by Sabyasachi Ray, Executive Director of Gem & Jewellery Export Promotion Council (GJEPC), along with representatives from the banking sector, members of the gems and jewellery industry, employees, and well-wishers, all coming together in the shared spirit of saving lives and supporting community welfare. Qualified medical professionals ensured proper screening and safe procedures throughout the day.

Addressing the gathering, founder Ghanshyambhai Dholakia shared that sustainability for the organisation goes beyond manufacturing and selling diamonds. He emphasised that alongside business growth, the company remains committed to sustainable practices aligned with broader Sustainable Development Goals, and continuously encourages employees and industry partners to actively participate in meaningful social initiatives such as blood donation drives.

As HK steps into another year, its focus remains clear — growth with responsibility, sustainability in action, and progress that benefits both business and society.

source :Hari Krishna Exports Pvt. Ltd

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