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of <h1>SEBI Updates Rules for Gold ETFs: Gold Certificates from Banks Can Be Held in Demat or Physical Form.</h1> The circular issued by SEBI on October 18, 2013, addresses modifications to a previous circular regarding Gold Exchange Traded Fund Scheme (Gold ETFs) and Gold Deposit Scheme (GDS) of banks. It specifies that gold certificates issued by banks for investments made by Gold ETFs in GDS can be held by mutual funds either in dematerialized or physical form. This modification is made under the authority of the Securities and Exchange Board of India Act, 1992, and SEBI (Mutual Funds) Regulation, 1996, aiming to protect investors and regulate the securities market.
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