- Messages
- 50
- Reaction score
- 47
- Points
- 88
Kitco Interview with Eric Sprott
This interview with Eric Sprott includes:
"The Indian government came out and said, yeah, we're gonna mandate that mutual funds and ETFs in India can now own up to 35% of their assets in gold and silver," Sprott explained. "And this pool of assets is 385 billion".
This regulatory change formally creates a massive new pipeline for institutional demand in India, opening up the country's $385 billion actively managed stock fund sector to precious metals.
Furthermore, SEBI has officially decoupled its valuation framework from Western benchmarks. Starting April 1, 2026, Indian mutual funds will be mandated to value physical gold and silver using domestic polled spot prices published by recognized local stock exchanges, marking a definitive shift away from the London Bullion Market Association (LBMA) pricing standard.
This move perfectly aligns with Sprott's assessment that the country plans to circumvent Western exchanges entirely. "We are not going to price off of the LBMA or the Comex," Sprott noted. "We don't want to, we're going to use prices established in India."
This interview with Eric Sprott includes:
"The Indian government came out and said, yeah, we're gonna mandate that mutual funds and ETFs in India can now own up to 35% of their assets in gold and silver," Sprott explained. "And this pool of assets is 385 billion".
This regulatory change formally creates a massive new pipeline for institutional demand in India, opening up the country's $385 billion actively managed stock fund sector to precious metals.
Furthermore, SEBI has officially decoupled its valuation framework from Western benchmarks. Starting April 1, 2026, Indian mutual funds will be mandated to value physical gold and silver using domestic polled spot prices published by recognized local stock exchanges, marking a definitive shift away from the London Bullion Market Association (LBMA) pricing standard.
This move perfectly aligns with Sprott's assessment that the country plans to circumvent Western exchanges entirely. "We are not going to price off of the LBMA or the Comex," Sprott noted. "We don't want to, we're going to use prices established in India."