The Central Government has increased import duty rates on gold from 4% to 4.35% and several other precious metal categories with effect from 13 May 2026, effectively becoming applicable from midnight tonight.
The notification introduces changes in customs duty rates applicable to gold, silver, platinum findings, precious metal compounds, ash and spent catalysts containing precious metals, as well as several tariff headings falling under Chapter 71 of the Customs Tariff.
Under the revised structure, import duty on gold and silver covered under Notification No. 57/2000-Customs has been increased to 4.35%. The notification specifically revises concessional duty entries relating to tariff headings 7106 and 7108 dealing with silver and gold.
The government has also revised duties on several precious metal-related products. Gold findings and silver findings falling under heading 7113 will now attract 5% duty, while platinum findings will attract 5.4% duty.
Further, all goods under heading 7118 have been fixed at a 5% duty rate. Additional tariff entries inserted through the notification prescribe 5% duty on goods under tariff headings 7107 and 7109, while goods under heading 7111 will attract 5.4% duty.
The notification also revises concessional duty treatment for spent catalysts or ash containing precious metals imported for recovery or recycling purposes. Such imports will now attract a concessional rate of 4.35%, subject to compliance with specified procedural conditions and certification requirements from the Ministry of Environment, Forest and Climate Change.
Industry participants expect the duty revision to have an immediate impact on bullion prices, jewellery imports, and domestic precious metal markets. Since India is one of the world’s largest importers of gold, any increase in customs duty generally influences retail prices, import volumes, and investor sentiment in gold-linked products.
The notification was issued in exercise of powers under Section 25(1) of the Customs Act, 1962 read with provisions of the Finance Act, 2018 and Finance Act, 2021.
Notification Details
Date: 12/05/2026
