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  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...

 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. ...