SEBI Restructures Gold & Silver Valuation Framework
Effective From 1 April 2026
• Shift from LBMA AM fixing methodology
• Polled spot prices from recognized stock exchanges to be new benchmark
• Alignment with SEBI (Mutual Funds) Regulations, 2026
What Changes Structurally
• Domestic price discovery gets higher weight
• Greater valuation uniformity across schemes
• Reduced reliance on overseas benchmarks
Implications For Investors
• Direct impact on commodity-linked MF NAV computation
• Higher reflectivity to Indian market conditions
• Improves transparency & regulatory consistency
Investor Takeaway
• Structural reform in bullion valuation
• Enhances credibility of gold & silver mutual fund pricing.
