SEBI Proposes New Valuation Norms for Gold and Silver ETFs
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- Last Updated on 18 July, 2025

SEBI report; Dated: 16.07.2025
The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing a revision in the valuation methodology for physical gold and silver held by Exchange Traded Funds (ETFs).
1. Objective of the Proposal
The proposed changes aim to:
- Standardise the valuation process across the mutual fund industry for investments made in gold and silver through ETFs.
- Ensure greater consistency and transparency in valuation practices.
- Align valuations more closely with domestic market prices of gold and silver, rather than relying on potentially inconsistent or external benchmarks.
2. Implications for the Mutual Fund Industry
- The new methodology, if implemented, would lead to uniform valuation norms, ensuring fair and consistent pricing across all fund houses offering gold and silver ETFs.
- This move is expected to enhance investor confidence, reduce arbitrage opportunities, and strengthen regulatory compliance in the valuation of precious metal-backed funds.
3. Public Consultation Timeline
SEBI has invited public comments and stakeholder feedback on the proposal.
Last date to submit comments – August 6, 2025
Stakeholders, including fund houses, investors, and industry experts, are encouraged to review the paper and submit their suggestions for consideration.
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