PRECIOUS METALS | India to Implement New Valuation Method for Gold and Silver in Mutual Funds

India's Securities and Exchange Board has announced a significant change in the valuation method for physical gold and silver in mutual funds, effective April 1. According to Jin10, mutual funds will now use spot prices published by recognized securities exchanges for valuation purposes. This move aims to enhance transparency and accuracy in the valuation of precious metals within mutual funds, aligning with global standards. The decision is expected to impact the mutual fund industry and investors, providing a more reliable basis for assessing the value of their investments in gold and silver.