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<h1>Gold ETFs Required to Undergo Biannual Physical Gold Verification by Auditors, Report Findings to Trustees and SEBI.</h1> The circular mandates that Gold Exchange Traded Funds (Gold ETFs) must undergo physical verification of their gold holdings by statutory auditors, with findings reported to trustees biannually. This verification must be included in the trustees' half-yearly report to SEBI, starting from April 2011. The report should confirm whether the Gold ETF assets align with the asset allocation specified in the Scheme Information Document and whether the statutory auditor conducted the physical verification. This amendment is made under the authority of the Securities and Exchange Board of India Act, 1992, to safeguard investor interests and regulate the securities market.