SEBI to Curb Gold, Silver ETF Volatility, Proposes Price Band Review

• SEBI aims to rein in volatility in Gold and Silver ETFs by reviewing their base price and price band.
• A consultation paper issued on February 13, 2026, seeks public comments on the new proposal.
• The move comes after recent high volatility in gold and silver prices made existing price bands inadequate.
• SEBI proposes an initial price band of +/-10% for equity/debt ETFs, flexible up to +/-20% with a 15-minute cooling-off period.
• For gold and silver ETFs, an initial price band of +/-6% is proposed, flexible up to +/-20% with a 15-minute cooling-off period.