National News
SEBI proposes new framework for valuation of gold and silver in ETFs to standardize mutual fund industry practices
New SEBI framework aims to bring transparency and standardization to gold and silver ETF valuations, aligning practices across mutual funds.
The Securities and Exchange Board of India (SEBI) has issued a proposal to introduce a uniform valuation mechanism for gold and silver Exchange Traded Funds (ETFs), marking a significant step towards improving consistency, transparency, and efficiency across the mutual fund industry.
In its consultation paper, SEBI recommends the adoption of domestic spot prices for valuing physical gold and silver assets held by ETFs, replacing the current use of the London Bullion Market Association (LBMA) price in U.S. dollars. At present, different mutual fund houses follow varied valuation methods, which may lead to duplication of effort and inconsistencies in the Net Asset Value (NAV) calculations of these funds.
The move is expected to align the valuation of physical and derivative assets, reduce operational complexity, and better reflect the local market conditions. SEBI believes this change will benefit investors by enhancing comparability and fairness across all gold and silver ETFs.
This proposal reflects SEBI’s commitment to evolving with the changing needs of the financial ecosystem and promoting best practices in asset valuation. Market participants, stakeholders, and the public are invited to share their comments and suggestions on the proposed framework by August 6, 2025.
GJEPC held a workshop at Zaveri Bazaar, Mumbai, on 25th November to introduce its new initiative, How and Why to Export, designed to guide aspiring exporters in the gem and jewellery trade. The programme aims to build practical understanding of export procedures, compliance, and government support, strengthening opportunities for MSMEs and widening India’s exporter base. It also supports the shared goal of the IIJS and MSME teams to help non-exporter members transition into global markets.
GJEPC officials delivered an in-depth presentation on three themes. The first explained why the Council is vital for exporters, outlining its role across trade facilitation, policymaking, international outreach, and market intelligence. The second offered a clear roadmap to starting exports, covering the IEC, documentation, logistics, finance, and compliance. The final segment detailed government schemes available to exporters, including credit support and MSME focused programmes.
The initiative signals GJEPC’s continued effort to prepare new entrants for global trade. The Council will roll out more sessions across major trading hubs in the months ahead.
GJEPC Hosts Workshop on ‘How and Why to Export’ at Zaveri Bazaar, Mumbai
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