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<h1>SEBI Sets New Guidelines for Silver and Gold ETFs: Investment, Valuation, and Compliance Rules Detailed.</h1> The Securities and Exchange Board of India (SEBI) issued a circular detailing norms for Silver and Gold Exchange Traded Funds (ETFs). For Silver ETFs, the circular specifies an investment objective aligned with domestic silver prices and mandates that at least 95% of the scheme's net assets be invested in silver or related instruments. It outlines valuation, NAV calculation, expense ratios, and liquidity provisions, including listing on stock exchanges and appointing market makers. The circular also addresses tracking errors, disclosure requirements, and the appointment of dedicated fund managers. Gold ETFs must comply with additional norms, and existing Gold ETFs have three months to align with these provisions.