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  New Custom Duty on Gold and Silver Effective from 31 January 2026 The Government of India has announced revised custom duty rates on precious metals , effective 31 January 2026 . This update directly impacts the bullion market, jewellers, traders, investors, and industries that rely on gold and silver imports. The change reflects ongoing efforts to regulate imports, stabilize domestic markets, and manage foreign exchange outflows. Updated Custom Duty Rates (From 31.01.2026) As per the latest notification, the new custom duty values are: Gold: ₹ 9,52,128 Silver: ₹ 20,957.76 These revised rates will apply to all eligible imports from the effective date and will influence landed costs, pricing strategies, and market sentiment. Impact on the Gold Market Gold continues to be a cornerstone of Indian culture, investment portfolios, and the jewellery industry. The revised custom duty on gold is expected to: Increase landed cost of imported gold , especially for bullio...

 Physical Silver Market Update: Supply Is Tightening Fast The global physical silver market is entering a period of acute stress, and the warning signs are no longer subtle. Major refiners are pulling back, delivery timelines are stretching, and premiums across the supply chain are exploding. What was once a quiet tightening has now become a visible supply squeeze—one that investors, manufacturers, and bullion buyers can no longer ignore. Refiners Are Hitting the Brakes Some of the world’s most important silver refiners are already feeling the pressure: Perth Mint and Metalor have reportedly stopped accepting new silver orders altogether. Argor-Heraeus and Nadir are facing severe production backlogs , with deliveries pushed out into April–May timeframes. When refiners of this size and reputation slow or halt new orders, it’s a clear signal that available raw material is constrained and production capacity is stretched thin. This isn’t a localized issue—it reflects a broader im...

 India Opens Second Round of Gold TRQ Allocation Under India-UAE CEPA: A Major Opportunity for Trade and Industry The Directorate General of Foreign Trade (DGFT), Government of India, has issued a significant Public Notice (No. 45/2025-26) on January 23, 2026, announcing the second round of allocation for Tariff Rate Quota (TRQ) for gold imports under tariff head 7108 through the India-UAE Comprehensive Economic Partnership Agreement (CEPA) for the financial year 2025-26. What's New in This Announcement? This development comes as a follow-up to the earlier Public Notice no. 31/2025-26 and Trade Notice no. 16/2025-26 dated October 29, 2025, which established that gold TRQ allocation would be conducted through a competitive bidding/tender process. The current notice invites fresh bids and tenders for the second round, offering a substantial allocation opportunity for eligible participants. Key Highlights at a Glance Total Allocation Quantity: The second round offers an allocati...

 RBI Bans Advance Remittance for Gold and Silver Imports from October 2026 A Major Policy Shift for Precious Metals Trade In a significant regulatory development, the Reserve Bank of India has prohibited advance remittance for imports of gold and silver, effective October 1, 2026. This measure, introduced under the new Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, marks a departure from previous practices and will have far-reaching implications for India's precious metals industry. What Does the Ban Mean? Under Regulation 11 of the new FEMA framework, the RBI has explicitly stated: "No advance remittance shall be permitted by an Authorised Dealer for the import of gold or silver." This means that from October 1, 2026: Importers cannot send payment to overseas suppliers before receiving the gold or silver shipment All gold and silver imports must follow delivery-first, payment-later arrangements Authorized dealers (banks)...

 RBI Introduces New FEMA Regulations for Export and Import: What Businesses Need to Know Key Changes Coming October 2026 The Reserve Bank of India has issued comprehensive new regulations governing foreign exchange management for export and import of goods and services, set to take effect from October 1, 2026. These regulations supersede the 2015 framework and introduce several significant changes that will impact exporters, importers, and authorized dealers. Extended Timeline for Export Realization One of the most notable changes is the extension of the realization period for export proceeds. The new regulations provide: For Foreign Currency Transactions: Exporters now have 15 months (up from the previous timeline) to realize export proceeds from the date of shipment for goods or invoice date for services Project exports follow contract payment terms with greater flexibility For Indian Rupee Settlements: An extended period of 18 months is allowed for exports invoiced o...

  How Much Has Copper Increased in the Last 1 Year? — A Detailed Price Analysis (2025–2026) Copper prices have been one of the most talked-about themes in global commodities markets. In the past year, the metal has surged sharply — reaching record or near-record levels — driven by a combination of strong global demand, supply constraints, speculative flows, and broader macroeconomic dynamics. Let’s explore how much prices have risen, why this has happened, and what it means going forward. 📈 1. Price Change Over the Last Year (2025–2026) According to commodity price data and recent market reporting: Global Price Movement Copper has jumped nearly 60% over the past year when measured on major international markets (like COMEX/LME). For example, copper touched over $6.06 per pound on the COMEX in early January 2026 — compared with about $3.80 per pound a year earlier. This represents roughly a +59.6% increase year-on-year . Record Highs On the London Metal Exchan...

 Top 10 Factors That Affect Gold Prices – A Detailed Analysis Gold has always been considered a symbol of wealth, security, and stability. From ancient civilizations to modern financial markets, gold continues to play a vital role in global economics. Unlike stocks or bonds, gold derives its value from a complex mix of physical demand, macroeconomic indicators, and investor sentiment. Understanding the factors that influence gold prices is essential for investors, traders, and even consumers. Below is a detailed explanation of the top 10 factors that affect gold prices . 1. Demand and Supply of Gold The most fundamental driver of gold prices is the balance between demand and supply . Demand Sources: Jewelry Industry: Accounts for a significant portion of gold demand, especially in countries like India and China. Investment Demand: Includes gold bars, coins, ETFs, and digital gold. Industrial Use: Used in electronics, medical devices, and aerospace. Central Bank...

 The International Financial Services Centres Authority (IFSCA) has issued an updated Consolidated Circular on January 2, 2026, establishing a comprehensive regulatory framework for gold and silver imports through the India International Bullion Exchange (IIBX). This 14-page consolidated document integrates all previous circulars and introduces significant reforms to democratize access to India's bullion market while maintaining rigorous compliance standards. Regulatory Background and Legal Foundation This consolidated circular is issued under Sections 12 and 13 of the International Financial Services Centres Authority Act, 2019, read with Regulation 78 of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025. It compiles instructions from the October 10, 2025 circular and the January 2, 2026 amendments into a single, comprehensive framework. The regulatory framework stems from DGFT notifications (No. 49/2015-2020 dated January 5, 2022, No. 35...