India's Market Regulator says from the 1st April, mutual funds shall value physical gold and silver by using polled prices published by recognised stock exchange

• Prices published by recognised stock exchanges may be used for valuation of gold and silver held by mutual fund schemes.
• Using spot price published by such regulated entities shall lead to valuation reflective of domestic market conditions. 

This announcement from India's market regulator impacts how mutual funds value physical gold and silver, leveraging prices from recognized stock exchanges. It should enhance transparency and reflect domestic market conditions more accurately, influencing valuations and potentially shifting investment strategies within mutual funds. Look for implications on demand for physical metals and the valuation methodologies adopted by other funds in response.