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India hikes gold and silver import tariff values from May 16 raising costs and easing forex pressure

India hikes gold and silver import tariff values from May 16 raising costs and easing forex pressure

India’s CBIC has raised customs tariff values for gold, silver, crude palm oil and soybean oil to manage import costs amid global commodity swings. Gold in any form will now attract a tariff value of $1,508 per 10 grams, while silver is set at $2,810 per kilogram. The changes take effect May 16, 2026. Policymakers are also acting to limit pressure on foreign exchange reserves, especially during geopolitical strain from the West Asia conflict.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Silver prices plunge Rs 17,500 in a day as duty hike gains vanish fast

Silver prices plunge Rs 17,500 in a day as duty hike gains vanish fast

Silver prices on MCX crashed, losing up to Rs 17,500 in a day and falling back below levels seen before the recent customs duty increase. The move followed weaker demand at higher prices, a softer industrial outlook, and a global picture clouded by growth concerns. With safe-haven buying fading and import duties jumping sharply, silver has entered a highly volatile phase.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Silver plunges Rs 11,700 and gold drops Rs 1,600 as Iran tension revives inflation fears

Silver plunges Rs 11,700 and gold drops Rs 1,600 as Iran tension revives inflation fears

Gold and silver opened sharply lower on MCX as surging energy prices revived inflation worries and strengthened expectations of higher rates staying elevated. Investors also looked to the Trump Xi summit in Beijing, with U.S. China trade truce and Middle East geopolitics expected to be discussed. MCX silver futures fell Rs 11,700 to Rs 2,79,458 per kg, while gold futures dropped Rs 1,600 to Rs 1,60,355 per 10 grams. Spot gold and silver slid internationally, with spot gold at its weakest since May 6.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Gold and silver likely stay range bound as investors weigh US Iran talks and key global data

Gold and silver likely stay range bound as investors weigh US Iran talks and key global data

Gold and silver prices may trade in a tight range for a second week as investors digest progress and setbacks in US-Iran peace negotiations alongside upcoming global macroeconomic releases. Analysts expect gold’s momentum to remain consolidative, helped by lower Treasury yields, a softer dollar, and easing crude risk premiums. Silver, however, is seen with a more upbeat bias, supported by copper-linked buying, supply tightness, and central bank demand. Still, Friday’s gains were capped by renewed conflict signals and fresh UAE attack reports.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Gold and silver slide as rate fears return but analysts see long term demand holding steady

Gold and silver slide as rate fears return but analysts see long term demand holding steady

Gold and silver prices are falling today as traders react to U.S. inflation and shifting Federal Reserve expectations. Rising U.S. producer prices have renewed bets on higher interest rates, weighing on precious metals. Analysts warn prices could stay under pressure short term, but long-term demand may remain supported by global risks and continued investor interest.

Summarised by Beize from a story on The Economic Times on 14 May 2026
MCX shares soar to fresh record as gold lifts momentum and profits surge

MCX shares soar to fresh record as gold lifts momentum and profits surge

MCX shares climbed to a new high as investors cheered results and the tailwind from rising gold and silver prices. The exchange posted a fourfold jump in net profit and a threefold rise in revenue, reinforcing confidence even as the broader market stayed weak. Still, some analysts hold back, keeping a cautious view on what happens next.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Gold and silver tumble after Trump Xi talks as Iran risks rattle MCX traders

Gold and silver tumble after Trump Xi talks as Iran risks rattle MCX traders

Gold and silver opened lower on MCX as traders tracked developments from Trump–Xi talks and watched the Iran conflict closely. July 2026 silver fell to around Rs 2,96,879 per kg, while June 2026 gold dropped near Rs 1,61,027 per 10 grams. The fall comes after a powerful previous session that saw silver surge and gold climb sharply.

Summarised by Beize from a story on The Economic Times on 14 May 2026
HDFC Mutual Fund pulls Gold Silver FoF NFO over trade balance fears

HDFC Mutual Fund pulls Gold Silver FoF NFO over trade balance fears

HDFC Mutual Fund has withdrawn its proposed Gold-Silver Passive Fund of Fund NFO, blaming concerns that rising precious metal imports could worsen India’s trade balance. The move follows Prime Minister Modi’s call to curb gold and silver buying and higher import duties, as the government and firms prioritize conserving foreign exchange reserves amid global uncertainty.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Gold and silver duties jump to 15% as bullion prices surge 7%

Gold and silver duties jump to 15% as bullion prices surge 7%

In a late Tuesday move, India raised import duties on gold and silver to 15% from 6%, effective May 13, combining a 10% basic customs duty with a 5% Agriculture Infrastructure and Development Cess. The government says the aim is to curb overseas buying of precious metals and ease pressure on foreign exchange reserves, even as bullion prices reportedly jump about 7%.

Summarised by Beize from a story on The Economic Times on 13 May 2026
India hikes gold and silver tariffs to 15 percent but demand likely stays stubborn

India hikes gold and silver tariffs to 15 percent but demand likely stays stubborn

India has raised import duties on gold and silver to 15 percent to curb non-essential inflows and protect foreign exchange reserves. While the higher cost is already hitting the import bill and could pressure jewellery demand, demand is expected to remain resilient. Economists also warn the tariff spike may spur smuggling as traders seek to bypass duties.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Gold and silver drop as stronger US inflation crushes rate cut hopes

Gold and silver drop as stronger US inflation crushes rate cut hopes

Gold and silver prices fell after stronger US inflation data dialed back hopes for interest rate cuts. A firmer US dollar further weighed on demand for bullion. Investors now look to upcoming producer price data and a Trump Xi meeting for new signals, as markets reassess inflation risks and geopolitical tensions that could sway gold, silver, platinum, and palladium.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Silver prices jump after India raises import duty driving MCX IBJA and dealer rates higher

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

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.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Gold jumps nearly Rs 9600 after import duty hike but may fade fast

Gold jumps nearly Rs 9600 after import duty hike but may fade fast

Gold and silver surged on Wednesday after the government increased customs duty on precious metal imports, with MCX futures jumping close to 6% in a day. Gold rose roughly Rs 9,600 and silver nearly Rs 17,000, one of the biggest rallies recently. But traders see it as a largely one-off move amid ongoing Middle East tensions and tariff uncertainty.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Gold import duties could slash India inflows and lift domestic prices fast

Gold import duties could slash India inflows and lift domestic prices fast

India’s bullion market is set for a reset as higher import duties on gold and jewellery threaten to cool demand and shrink imports. Analysts expect the supply shift to push up domestic gold prices, with knock-on effects for jewellery buyers and gold ETF investments. Silver, in contrast, may gain from global supply deficits and disruption risks.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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India hikes gold and silver import duty to 15% to shield forex from West Asia shocks

India hikes gold and silver import duty to 15% to shield forex from West Asia shocks

India has sharply increased customs duties on precious metals including gold, silver and platinum to 15%, citing the need to conserve foreign exchange and protect the economy amid the ongoing West Asia crisis. The move, attributed to Finance Ministry sources, aims to curb import pressure as global uncertainty deepens and financial risks rise.

Summarised by Beize from a story on Republic on 13 May 2026
Gold and silver ETF surge up to 15% after import duty hike sparks volatility fears

Gold and silver ETF surge up to 15% after import duty hike sparks volatility fears

Gold and silver ETFs jumped as precious metal prices spiked on India’s Multi Commodity Exchange after the government raised import duties. The rally pushed many funds higher, but experts warn investors against chasing the moment. Instead, they recommend sticking with a steady SIP approach to manage swings and avoid timing the top of the move.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Gold and silver spike after import duty hike Investors may need a rethink fast

Gold and silver spike after import duty hike Investors may need a rethink fast

Gold and silver surged on MCX after the Centre raised customs duty on precious metal imports to 15%, driving sharp gains in June gold futures and July silver futures. The move also comes as US consumer inflation rose, cooling hopes of an imminent Fed rate cut and adding volatility to global bullion sentiment. Investors now face a price shock that may not be short lived.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Gold import duty jumps to 15 percent as buyers face fresh 18k 22k 24k price shock

Gold import duty jumps to 15 percent as buyers face fresh 18k 22k 24k price shock

India has raised gold and silver import duties to 15% from 6% to curb overseas purchases and safeguard foreign exchange reserves. The change is already reflected in daily metal quotes across key cities, with Delhi and Mumbai showing 24k, 22k, and 18k rates at sharply updated levels for consumers watching today’s gold prices.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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India hikes gold and silver import duties to 15 percent to protect foreign exchange reserves

India hikes gold and silver import duties to 15 percent to protect foreign exchange reserves

India has raised import duties on gold and silver to 15% from 6% to curb imports and ease pressure on foreign exchange reserves. The revised rate combines a 10% basic customs duty with a 5% Agriculture Infrastructure and Development Cess, aiming to support the rupee amid rising demand for bullion.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Gold and silver fall as traders reprice rates amid dollar strength and fresh inflation signals

Gold and silver fall as traders reprice rates amid dollar strength and fresh inflation signals

Gold and silver are slipping as markets recalibrate interest-rate expectations after U.S. inflation data and shifting views on rate cuts. Analysts cite a firmer dollar and higher oil prices as additional headwinds, while Middle East tensions keep sentiment volatile. Traders are now watching central bank signals for the next move, with some forecasting deeper drops.

Summarised by Beize from a story on The Economic Times on 12 May 2026
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