Till date, ETFs used (sic) London Bullion Market Association (LBMA) gold and silver prices converted into domestic prices after adjusting for currency and import duties. SEBI has modified the valuation methodology for physical gold and silver held by mutual fund schemes, including Gold and Silver ETFs. How Gold Was Valued Earlier Previously, physical gold and silver held by ETFs were valued using the London Bullion Market Association (LBMA) AM fixing prices. From that date onward, mutual funds must comply with the updated valuation approach as specified under the SEBI (Mutual Funds) Regulations, 2026. Why This Is Important For investors in gold and silver ETFs, valuation transparency directly impacts NAV calculation.

Source: Mint February 27, 2026 15:37 UTC