Gold Just Became More Expensive in India! 💰 New 15% Duty Explained

Added: 2026-05-24

[00:00:00]The Indian government has raised the gold import duty from 6% to 15%. [music] A move intended to conserve foreign exchange reserves as oil prices climb and the rupee weakens. [music] This increase is likely to make gold and jewelry purchases costlier for consumers, >> [music] >> particularly during traditional buying seasons such as weddings and festivals.

[00:00:22]Experts suggest [music] that while higher prices may dampen demand, there is also a heightened [music] risk of illegal gold smuggling as buyers seek alternatives. Market responses have already shown increased sensitivity [music] with notable fluctuations in gold prices and jewelry company shares. Overall, the policy change reflects broader economic strategies to manage trade deficits [music] and support the national currency.