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SEBI changes gold, silver valuation for mutual funds

Feb 26 (Reuters) – SEBI on Thursday 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 (SEBI) 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. 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.

Silver declines by Rs 7,400, gold falls by 1,300 amid weak global trends

New Delhi, Feb 26 (PTI) Silver prices declined by Rs 7,400 to Rs 2.70 lakh per kg while gold dropped by Rs 1,300 to Rs 1.62 lakh per 10 grams in the national capital on Thursday due to weak global trends and profit-booking by traders. According to the All India Sarafa Association, silver fell by Rs 7,400, or nearly 3 per cent, to Rs 2,70,500 per kg (inclusive of all taxes) from the previous closing level of Rs 2,77,900 per kg. Gold of 99.9 per cent purity depreciated by Rs 1,300, or nearly 1 per cent, to Rs 1,62,900 per

Rupee dips 1 paisa to settle at 90.92 against US dollar

Mumbai, Feb 26 (PTI) The rupee slipped 1 paisa to settle at 90.92 (provisional) against the US dollar on Thursday, weighed down by a rise in global crude oil prices and a firm greenback against major rivals. However, foreign fund inflows supported the local unit and prevented the decline, forex traders said. At the interbank foreign exchange, the rupee opened at 90.86 against the greenback and traded in a narrow range of 90.81-90.93 during the session. Eventually, it closed at 90.92 (provisional), down 1 paisa from its previous close. The rupee stayed range-bound and settled with a gain of 4

Sensex slips 27 pts amid caution ahead of US-Iran nuclear talks; FMCG major drag

Mumbai, Feb 26 (PTI) Benchmark BSE Sensex slipped by 27.46 points to close at 82,248.61 in a volatile session on Thursday, dragged down by selling in HDFC Bank and other blue-chip stocks. Investors remained cautious amid the proposed US-Iran nuclear talks, AI-related developments and tariff concerns. The 30-share index opened higher and gained a further 303 points to hit a high of 82,579.16 in late morning deals amid optimism in other Asian markets. However, profit-taking in financial services, FMCG and realty shares dragged the index down 608 points from the day’s high, hitting a low of 81,970.47 in afternoon deals.

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