Sebi Revises Gold and Silver Valuation for Mutual Funds Using Domestic Spot Prices

The Securities and Exchange Board of India (Sebi) has revised the valuation methodology for physical gold and silver held by mutual fund schemes, mandating the use of polled spot prices published by recognised domestic stock exchanges from April 1, 2026. This replaces the current practice of using London Bullion Market Association (LBMA) AM fixing prices adjusted for various costs. The change aims to enhance transparency, uniformity, and better reflect domestic market conditions. The Association of Mutual Funds in India (Amfi) will collaborate with Sebi to implement a uniform policy for this transition.