The Securities Exchange Board of India (SEBI) is set to change how mutual funds value gold and silver. Starting April 1, 2026, mutual funds, including gold and silver exchange traded funds (ETFs) will rely on polled spot prices published by recognised Indian stock exchanges. This marks a shift from the current practice where these mutual funds base their valuations on the London Bullion Market Association (LBMA) morning price. The LBMA price is converted into Indian rupees and adjusted for factors like currency fluctuations, customs duties, taxes, local premiums or discounts and transportation expenses. Additionally, mutual funds are now allowed to dedicate a portion of their equity schemes to gold and silver instruments and permit hybrid schemes to Invest in gold and silver exchange traded funds (ETFs).