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Jackson Hole Shockwave: How Fed Chair Kevin Warsh's Hawkish Turn Sent Gold and Silver Tumbling

  Jackson Hole Shockwave: How Fed Chair Kevin Warsh's Hawkish Turn Sent Gold and Silver Tumbling A hawkish surprise from Wyoming rewrote the bullion narrative overnight — here's what happened, why it happened, and what it means for gold and silver from here. For weeks, the bullion market had been trading on a fairly comfortable assumption: the Federal Reserve was inching toward easier policy, and precious metals were the beneficiaries. That assumption didn't survive Friday's Jackson Hole symposium. Federal Reserve Chair Kevin Warsh took the podium and delivered a message far more hawkish than markets had priced in. The result was one of the sharpest single-day reversals gold and silver have seen in weeks — and a sharp reminder that the "easing is coming" narrative can unravel in a matter of hours. The Numbers That Moved The scale of the reaction tells the story on its own: September rate-hike odds jumped from roughly 35–36% to as high as 58–60% in the...
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Gold and Silver Customs Tariff Values Revised: What the New Notification Means for the Bullion and Jewellery Industry

  Gold and Silver Customs Tariff Values Revised: What the New Notification Means for the Bullion and Jewellery Industry Government of India Customs Notification No. 71/2026-Customs (N.T.) — Effective from 26 August 2026 The Government of India has issued an important customs notification revising the tariff values applicable to several imported commodities, including gold and silver . The notification was issued by the Ministry of Finance, Department of Revenue, through the Central Board of Indirect Taxes and Customs (CBIC), on 25 August 2026 and comes into force from 26 August 2026 . For businesses involved in bullion trading, jewellery manufacturing, importing precious metals, and monitoring international commodity movements, such revisions are important because customs tariff values form part of the framework used for determining the customs value of specified imported goods. Revised Gold and Silver Tariff Values Under the revised Table-2 of the notification, the tariff value ...
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Gold and Silver Rates Rise After Currency Change: New Duty Rates and Market Impact

  Gold and Silver Rates Rise After Currency Change: New Duty Rates and Market Impact The bullion market is witnessing a notable change following the latest currency movement and updated duty structure. With the rupee standing at ₹96.50 , gold and silver prices have moved higher, reflecting the combined impact of currency depreciation, international bullion trends and changes in the applicable duty structure. As of today, the latest quoted bullion levels are Gold at 20,366.33, up by 94.98 , while Silver is at 30,354.08, gaining 141.54 . The rise in both precious metals highlights the sensitivity of the Indian bullion market to currency movements and global market developments. Latest Gold and Silver Rates According to the latest market figures: Gold: 20,366.33 — up 94.98 Silver: 30,354.08 — up 141.54 Rupee: ₹96.50 The increase in gold and silver prices indicates stronger bullion values in the current market session. While several factors influence precious-metal prices, currency ...
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Precious Metals Duty Update: New Gold and Silver Customs Duty Effective 11 August 2026

  Precious Metals Duty Update: New Gold and Silver Customs Duty Effective 11 August 2026 The Indian precious metals market has received an important customs duty update, with new customs duty rates coming into effect from 11 August 2026 . The latest update brings a notable increase in the customs duty values for both gold and silver, while the government has also prescribed revised tariff values in US dollars. According to the latest figures, the new customs duty is: Gold: ₹20,098.46 , an increase of ₹1,037.34 Silver: ₹29,909.97 , an increase of ₹2,895.91 Rupee: ₹96.05 Gold tariff value: US $1,395 per 10 grams Silver tariff value: US $2,076 per kilogram LBMA Gold Fixing on 7 August 2026: US $4,335.55 LBMA Silver Fixing on 7 August 2026: US $64.32 The Government of India's Notification No. 69/2026-Customs (N.T.), issued by the Ministry of Finance and CBIC on 10 August 2026, confirms the revised tariff values and states that the notification comes into force from 11 August 2026 . Gol...
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India Revises Gold and Silver Customs Tariff Values: Key Changes Effective 11 August 2026

 India Revises Gold and Silver Customs Tariff Values: Key Changes Effective 11 August 2026 The Government of India has announced revised customs tariff values for gold and silver through Notification No. 69/2026-Customs (N.T.) , issued by the Ministry of Finance, Department of Revenue, and Central Board of Indirect Taxes and Customs (CBIC) on 10 August 2026 . The notification amends the earlier Notification No. 36/2001-Customs (N.T.) by substituting its existing Tables 1, 2 and 3 with revised tariff-value tables. The revised notification is particularly relevant for businesses involved in the gold, silver, jewellery, bullion, precious-metals trading and import sectors , as it specifies tariff values used for customs purposes for specified forms of gold and silver. The changes come into force from 11 August 2026 . Gold Customs Tariff Value Revised to US $1,395 per 10 Grams One of the key figures mentioned in the notification is the tariff value applicable to specified gold imports. ...
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IIBX Opens the Door for RCMC Holders: What the New Qualified Jeweller Onboarding Fees Mean for Exporters

  IIBX Opens the Door for RCMC Holders: What the New Qualified Jeweller Onboarding Fees Mean for Exporters A New Pathway for GJEPC-Registered Jewellers On 15th July 2026, the India International Bullion Exchange (IIBX) issued Circular No. IIBX-MEM-2026-060, laying out the fees and charges applicable for onboarding Registration-cum-Membership Certificate (RCMC) holders as Qualified Jewellers on the exchange. If you're a gem and jewellery exporter holding an RCMC issued by the Gem & Jewellery Export Promotion Council (GJEPC), this circular is directly relevant to you — it formally sets the cost of entry for bringing your business onto IIBX's bullion import framework. This is a Membership category circular under the Spot segment, and unlike the transaction charge revisions issued the same day for silver contracts, this one is about the structural cost of participation itself — what it costs to become a Qualified Jeweller through the RCMC route in the first place. Who Are R...
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IIBX Revises Silver Contract Charges: What Bullion Traders Need to Know in 2026

 IIBX Revises Silver Contract Charges: What Bullion Traders Need to Know in 2026 A Fresh Circular, A Familiar Message: Costs Are Changing on the Exchange If you trade silver on the India International Bullion Exchange (IIBX), there's a new development worth pausing on. On 15th July 2026, the Exchange issued Circular No. IIBX-MEM-2026-059, announcing revised Transaction Charges and Document Handling Charges for Silver Contracts. The changes are effective immediately, which means every member trading silver products on the Spot segment needs to factor these updated numbers into their cost calculations starting right now — not next quarter, not after a grace period, but from the date of the circular itself. For anyone involved in bullion trading — whether you're a broker, a jeweller sourcing silver through the exchange, or a compliance officer tracking regulatory updates — circulars like this one are more than administrative footnotes. They directly affect margins, pricing mode...
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