Gold and Silver ETFs Surge Up to 5% Following Import Duty Hike to 15%
Gold, Silver ETFs Jump Up To 5% After Govt Raises Import Duty To 15%
News 18
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Gold and silver exchange-traded funds (ETFs) experienced significant gains on May 13, 2026, after the Indian government raised customs duty on precious metal imports from 6% to 15%. This increase is expected to elevate domestic prices, prompting a surge in ETF investments.
- 01The Indian government raised customs duty on gold and silver imports to 15%.
- 02Gold ETFs saw increases of nearly 5%, with Tata Gold ETF rising 4.65%.
- 03Silver ETFs surged over 5%, with Tata Silver ETF jumping 5.43%.
- 04The duty hike is expected to raise domestic bullion prices, driving ETF purchases.
- 05Market participants anticipate continued support for local gold and silver prices.
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On May 13, 2026, gold and silver exchange-traded funds (ETFs) surged following the Indian government's decision to increase the customs duty on precious metal imports from 6% to 15%. This change, which includes raising the basic customs duty on gold and silver from 5% to 10% and the Agriculture Infrastructure & Development Cess (AIDC) from 1% to 5%, is expected to elevate domestic prices of these metals. As a result, various gold ETFs, such as Tata Gold Exchange Traded Fund and Nippon India ETF Gold BeES, saw increases of nearly 5%, while silver ETFs experienced gains exceeding 5%, with Tata Silver ETF jumping 5.43%. The hike in import duty is anticipated to support local bullion prices, prompting increased buying interest in ETFs across exchanges.
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The increase in customs duty is expected to raise domestic prices for gold and silver, affecting consumers looking to purchase these metals. Investors in ETFs may see potential gains as demand rises.
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