India to stop using LBMA for Gold & Silver ETF pricing!

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BruceS
BruceS Posts: 1,556 ✭✭✭✭✭
in Precious Metals

Will others follow India in getting away from western Exchanges for PM ETF pricing? How will that affect global Spot prices, if at all?

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Comments

  • carew4me
    carew4me Posts: 3,667 ✭✭✭✭
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    another spot influence... like Shaghai

    AI Overview
    The Securities and Exchange Board of India (SEBI) has directed that Indian mutual funds and Exchange Traded Funds (ETFs)
    stop using the London Bullion Market Association (LBMA) AM fixing prices for valuing physical gold and silver.
    This regulatory shift, announced in a circular dated February 26, 2026, requires fund houses to transition to domestic spot prices published by recognized Indian stock exchanges, effective April 1, 2026


    Loves me some shiny!

    “Often wrong, but never in doubt.”
  • coastaljerseyguy
    coastaljerseyguy Posts: 2,131 ✭✭✭✭✭
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    More trader arbitrage between exchanges for price discrepancies.

  • derryb
    derryb Posts: 38,615 ✭✭✭✭✭
    edited February 27, 2026 11:11AM
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    LBMA and COMEX are imploding. Today's halt in their metals trading is another crack in the system. upcoming March delivery notices will be the next.

    Pricing models are finally reacting to the physical markets, something that was earlier predicted here on numerous occasions.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • blitzdude
    blitzdude Posts: 7,729 ✭✭✭✭✭
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    Come-on brother stop with the gutter Kool-Aid. Nothing is imploding. Everything settles in CASH and as you know CASH is king. Last I heard people selling physical gutter were getting well under spot. You cashed out, enjoy the gift. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • derryb
    derryb Posts: 38,615 ✭✭✭✭✭
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    @blitzdude said:
    You cashed out, enjoy the gift. RGDS!

    the gift that keeps on giving. ZSL & AGQ

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • GoldFinger1969
    GoldFinger1969 Posts: 3,472 ✭✭✭✭✭
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    @coastaljerseyguy said:
    More trader arbitrage between exchanges for price discrepancies.

    Also a backdoor way to impose capital controls in the future.....gold is trading $1,000 higher overseas but you have to sell your gold at the lower domestic price. Or quote your fund in it.

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