Business
Use local prices to value gold, silver held by ETFs: Sebi
Mumbai: The Securities and Exchange Board of India (Sebi) has asked mutual funds to use domestic stock exchange spot prices to value physical gold and silver held by exchange-traded funds.
The new rule will come into effect from April 1, 2026.
At present, fund houses use London Bullion Market Association prices to value physical gold and silver held by mutual fund schemes.
“…it was deliberated that polled spot prices published by recognised stock exchanges may be used for the valuation of gold and silver held by mutual fund schemes. As stock exchanges are subject to transparency and compliance requirements under the regulatory framework, using the spot price published by such regulated entities shall lead to a valuation reflective of domestic market conditions and also ensure uniformity in the valuation practices,” Sebi said in a circular on Thursday.
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