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SEBI Gold and Silver Valuation: Domestic Spot Prices from April 2026

28 February 20261 min read
BANKING & FINANCESEBI Gold and SilverValuation: DomesticSpot Prices fromApril 202628 February 2026safalsetu.com

Why in the news

SEBI changed how mutual funds price physical gold and silver, replacing international benchmarks with domestic rates.

Key facts

AspectBeforeFrom 1 April 2026
SourceLBMA AM fixingSpot prices of recognised domestic exchanges, as used for settling physically delivered derivatives
AdjustmentsCurrency, transport, customs duties and taxes, premiums or discountsNone needed

Reason

  • Domestic prices are regulated and transparent, mirror Indian conditions and make valuation uniform.

Exam angle

  • SEBI; effective 1 April 2026; earlier benchmark LBMA.

Test yourself

1. From which date must mutual funds value physical gold and silver using domestic spot prices?

The notes say the change takes effect from 1 April 2026.

2. Which benchmark did mutual funds earlier use to value physical gold and silver?

Valuation was earlier based on LBMA AM fixing prices.

3. Why did SEBI move mutual fund gold and silver valuation to domestic spot prices?

Domestic prices are transparent and better reflect Indian market conditions.