SEBI: Gold, silver valuation to be based on exchange-published spot prices; new norms effective from April 1

SEBI: Gold, silver, ETF valuation to be based on exchange-published spot prices; effective from April 1

Securities and Exchange Board of India (SEBI) has revised the valuation framework for physical gold and silver held by mutual fund schemes, instructing fund houses to use polled spot prices published by recognised stock exchanges instead of the London benchmark.

In a circular dated February 26, the capital markets regulator said that with effect from April 1, mutual funds must value physical gold and silver using the polled spot prices published by recognised stock exchanges that are used for settling physically delivered gold and silver derivatives contracts.