Why has India hiked custom duties on gold, silver and other precious metals?
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Summary
Import duty on gold and silver has been raised from 6 per cent to 15 per cent, while the tariff on platinum has been hiked from 6.4 per cent to 15.4 per cent.
Key Facts
Type Policy
Source Hindustan Times - India
Published Wednesday, 13 May 2026
Affected Population 1.4 billion consumers, 300 million without reliable power
Key Numbers
500 GW non-fossil fuel capacity target by 2030
Saubhagya: 100% household electrification
175 GW renewable energy installed (2025)
Merchandise exports: $437 billion (2024-25)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right