India’s gold duty hike cheat sheet: ₹14 lakh/kg smuggling margin, ₹35,000 added to wedding gold, and the FY13 playbook repeating
Samira Vishwas | May 14, 2026 9:24 AM CST
India raised gold and silver import duty from 6% to 15% at midnight on May 13 — a 9 percentage point hike that is the most aggressive single-step precious metals tariff increase in over a decade. Here is everything you need to know about what happened, why it happened, whether it will work, and what it will cost.
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