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SEBI Mulls Uniformity in Valuation of Gold, Silver Held by Mutual Funds
The Daily Guardian
|July 17, 2025
Markets regulator Sebi is considering a review of the valuation methodology for physical gold and silver held by mutual funds through exchange-traded funds (ETFs) to ensure greater consistency and better alignment with prevailing domestic market prices.
In this regard, Sebi has proposed that AMCs should use spot prices published by domestic commodity exchanges to value gold and silver, replacing the current practice of using LBMA prices, according to its consultation paper on Wednesday.
It is also looking to identify a uniform domestic benchmark and make the detailed polling mechanism for spot price determination publicly available.
Currently, gold held by any gold ETF scheme is required to be valued at the AM fixing price of the London Bullion Market Association (LBMA) in US dollars per troy ounce for gold having a fineness of 995.0 parts per thousand.
Cette histoire est tirée de l'édition July 17, 2025 de The Daily Guardian.
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