← Latest news 
India hikes gold duties to 15 percent but can it stop grey market demand this time
Economy
Published on 13 May 2026
A repeat of 2013 fears is back in play
India has raised gold and silver import duties to 15%, reviving memories of the 2013 crisis. The government says the move should curb dollar outflows and support the rupee, but experts caution it may not reduce gold demand—only shift it toward the grey market. With India’s underlying appetite for gold still strong, the impact could be limited.
- Import duty on gold and silver jumps to 15%
- Goal is to curb dollar outflows and steady the rupee
- Experts warn higher duty may boost grey market buying
- Structural gold demand is expected to persist despite curbs
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times