India tells mutual funds to stop using LBMA gold and silver prices

India's Markets Regulator Changes Gold, Silver Valuation for Mutual Funds From Reuters Thursday, February 26, 2026 https://www.reuters.com/sustainability/boards-policy-regulation/india-markets-regulator-changes-gold-silver-valuation-mutual-funds-2026-02-26/ India's markets regulator today directed mutual funds to use domestic stock exchange spot prices to value their physical gold and silver holdings from April 1, 2026. The Securities and Exchange Board of India said mutual funds may now use polled spot prices from recognized stock exchanges that settle physically delivered gold and silver derivatives contracts, ensuring that valuations reflect domestic market conditions. ... Dispatch continues below ... ... ADVERTISEMENT ... Are you ready to safeguard your assets using precious metals? Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products. We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping. Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals. Visit us here: www.herobullion.com Hero Bullion: Gold and silver simply delivered The change moves away from the currently used London Bullion Market Association prices to arrive at the valuation of gold and silver held by exchange traded funds. * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png