Silver prices jump after India raises import duty driving MCX IBJA and dealer rates higher

Published on 13 May 2026

Duty hike lifts costs as geopolitics and inflation bite

Silver prices jumped on May 13, 2026 after India increased customs duty on silver imports. Traders saw the move reflect across IBJA, MCX and major dealers as global geopolitical tensions and inflation fears added pressure. Analysts expect domestic rates to stay elevated, potentially cooling consumer demand, while the government targets a lower trade deficit and stronger rupee.

Silver prices rose sharply after customs duty on imports increased
Moves are visible across IBJA, MCX and MMTC PAMP-linked pricing
Geopolitical tensions and inflation worries further boosted prices
Higher rates could dampen consumer demand

#inflation #mcx #rupee #import duty #silver

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Silver prices jump after India raises import duty driving MCX IBJA and dealer rates higher

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