Gold Import Duty Jumps to 15% as Rupee Hits Record Lows

Published on 14 May 2026

Jewelry prices could jump fast after a 15% shock

India has raised the basic import duty on gold to 15%, up from 6%, as the rupee slid to a record low of 95.85 per dollar. SBI says the hike supports rupee stability and helps contain the current account deficit, while analysts warn of a sharp price shock for India’s domestic jewelry market.

Gold import duty rises to 15% from 6%
Move aims to defend a record-low rupee rate
Analysts flag a potential spike in jewelry prices
Trade deficit and CAD concerns drive policy shift

#trade deficit #rupee #jewelry #import duty #gold

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Gold Import Duty Jumps to 15% as Rupee Hits Record Lows

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