Sebi Mandates Use of Domestic Spot Prices for Gold and Silver Mutual Fund Valuations from 2026

The Securities and Exchange Board of India (Sebi) has revised the valuation methodology for physical gold and silver held by mutual fund schemes, including ETFs. Effective April 1, 2026, mutual funds must use polled spot prices published by recognised domestic stock exchanges, replacing the current reliance on London Bullion Market Association prices adjusted for various costs. This change aims to enhance valuation transparency, uniformity, and alignment with domestic market conditions. The Association of Mutual Funds in India will collaborate with Sebi to implement a uniform policy.