New Delhi, Sept. 27 -- Gold and silver ETF investors hold units in their demat accounts, while the physical bullion backing these units is stored in vaults.

The Securities and Exchange Board of India (SEBI) has approved changes to its vault manager regulations to bring the storage of bullion underlying gold and silver ETFs under a broader common regulatory framework.

The changes were approved at SEBI's 215th board meeting on Thursday. The regulator said the move is aimed at creating a common framework for vaulting services across different bullion-related instruments and strengthening safeguards around the storage and handling of physical bullion.

When you buy a gold or silver ETF, you do not receive physical gold or silver. Instead, y...