Effective Apr 1
SEBI says gold, silver MF schemes to use spot prices by exchanges for valuation
This story was originally published at 19:27 IST on 26 February 2026
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MUMBAI – The Securities and Exchange Board of India Thursday said the polled spot prices of gold and silver published by recognised stock exchanges, which are used for settlement of physically delivered gold and silver derivatives contracts, will be used for valuation of the precious metals held by mutual fund schemes. This will take effect from Apr. 1.
As per the existing framework, physical gold and silver held by exchange-traded funds were valued at the AM fixing prices of the London Bullion Market Association. The final valuation was arrived at by adjusting the LBMA prices with the necessary metric and currency conversions, adding transportation costs, customs duty, applicable taxes and levies, and factoring in a notional premium or discount, the regulator said in a circular.
"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 valuation reflective of domestic market conditions and also ensure uniformity in the valuation practices," SEBI said.
The Association of Mutual Funds in India, in consultation with SEBI, will prescribe a uniform policy for the same, it said. End
Reported by Ashutosh Pati
Edited by Saji George Titus
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