Mumbai, Feb. 27 -- The Securities and Exchange Board of India has revised the way mutual funds will value physical gold and silver held in their schemes, moving away from international benchmarks to domestic spot prices published by recognized stock exchanges.

In a circular issued on 26 February 2026, the regulator said that with effect from 1 April 2026, mutual funds will be required to use polled spot prices published by recognized stock exchanges for valuing physical gold and silver. These are the same prices used for settlement of physically delivered gold and silver derivative contracts.

Currently, gold and silver held by Exchange Traded Funds are valued using the AM fixing prices of the London Bullion Market Association, with adju...