Gold and Silver Imports Get Costlier After Duty Hike

New Delhi, May 13, 2026 The government has raised the import duty on gold and silver to 15%, signalling a major policy move aimed at controlling imports and maintaining economic stability. The decision is expected to influence domestic bullion prices and could make precious metals more expensive for buyers across the country. Under the revised structure, the combined customs duty and additional charges on gold and silver imports now stand at 15%. The move comes amid fluctuating global markets and rising interest in precious metals as safe investment assets during uncertain economic conditions. The increase is likely to impact the jewellery sector as well as consumer demand, particularly ahead of festive and wedding seasons when gold purchases traditionally rise. Traders and importers are expected to keep a close watch on market trends and pricing after the new rates take effect. The duty hike highlights the government’s effort to manage imports while balancing economic priorities in a changing global environment. As the bullion market reacts to the revised policy, both businesses and consumers are expected to feel its impact in the coming months.