Gold and silver import duty hike: here is what it means for prices and ETF premiums
Published 2026-05-20 · Bazaar Watch Research
What Happened
The Indian government has increased the import duty on gold and silver by 9%.
Alongside the duty hike, tighter rules for silver imports have also been introduced.
These measures are expected to disrupt the local supply of both precious metals and potentially affect the premiums on Gold and Silver Exchange Traded Funds (ETFs).
Why It Matters
Indian retail investors buying physical gold and silver will likely face higher prices due to the increased import duty.
The disruption in local supply could lead to scarcity, potentially driving up prices further than just