{"id":2470,"date":"2026-05-13T23:20:59","date_gmt":"2026-05-13T17:50:59","guid":{"rendered":"https:\/\/newsaxis.com\/?p=2470"},"modified":"2026-05-13T23:20:59","modified_gmt":"2026-05-13T17:50:59","slug":"govt-hikes-gold-silver-import-duty-to-15-pc","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=2470","title":{"rendered":"Govt hikes gold, silver import duty to 15 pc"},"content":{"rendered":"\n<p>New Delhi, The government on Wednesday announced a hike in customs duties on gold and silver to 15 per cent from 6 per cent as policymakers move to contain pressure on India\u2019s foreign exchange reserves and the external account amid the ongoing West Asia conflict.<\/p>\n\n\n\n<p>Moreover, the revised duty on platinum imports has been raised to 15.4 per cent from 6.4 per cent.<\/p>\n\n\n\n<p>According to official changes, the revised structure imposes a 10 per cent basic customs duty along with a 5 per cent Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15 per cent.<\/p>\n\n\n\n<p>The move comes as India\u2019s import bill remains elevated, with precious metals among the key contributors to higher foreign exchange outflows.<\/p>\n\n\n\n<p>The duty hike is expected to discourage inbound shipments and support macroeconomic stability.<\/p>\n\n\n\n<p>India is among the world\u2019s largest consumers of gold, with demand driven largely by jewellery, investment and festival-related purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, The government on Wednesday announced a hike in customs duties on gold and silver to 15 per cent from 6 per cent as policymakers move to contain pressure [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-2470","post","type-post","status-publish","format-standard","hentry","category-business","category-display","has_no_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2470"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2470\/revisions"}],"predecessor-version":[{"id":2471,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/2470\/revisions\/2471"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}