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Impact of Revised Import Duty on Gold and Silver: Prices Update from April 1, 2026

 As of April 1, 2026 , a new revision in duty structure has come into effect, directly influencing the pricing of precious metals in the domestic market. This change is particularly significant for traders, jewellers, investors, and consumers tracking gold and silver rates closely. Updated Rates (Effective April 1, 2026) Based on the revised duty and the latest exchange rate, the updated indicative prices are: Gold: 8199.75 Silver: 12446.66 Exchange Rate: 94.25 These figures reflect the immediate impact of the revised duty calculations combined with the prevailing currency conversion rate. What Has Changed? The adjustment in import duty alters the cost structure of precious metals entering the country. Since India relies heavily on imports for gold and silver, even a minor tweak in duty can significantly affect domestic prices. The updated exchange rate of 94.25 has also played a crucial role. A higher exchange rate typically increases the landed cost of imports, thereby pushin...
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MCX Gold Futures Plummet 6% in Brutal Intraday Crash to ₹1,43,844 Amid Global Bullion Rout

 The Indian bullion market witnessed an extraordinary "blood bath" today as MCX Gold futures crashed by over ₹9,180, a staggering 6% decline, to trade at ₹1,43,844 per 10 grams. This vertical drop, as seen in real-time exchange data, follows a devastating technical breakdown below the critical ₹1,47,000 psychological support level. The sell-off was ignited by the US Federal Reserve's hawkish "higher-for-longer" interest rate stance, which sent US 10-year Treasury yields surging to 4.25%. The crash was further compounded by a massive spike in the US Dollar Index (DXY) to 100.50, effectively throttling global demand for dollar-denominated assets. In the physical market, Indian dealers reported discounts hitting a decade-high of $83/oz as retail buyers remained sidelined by extreme volatility. With COMEX Gold diving below $4,600/oz, this widespread long liquidation marks a significant shift in market sentiment. If current momentum persists, the next technical floor...
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Keeping a Close Watch on Gold Imports: Balancing Tradition and Economic Stability

 Gold has always held a special place in India’s economy, culture, and household savings. From festive purchases during Akshaya Tritiya to wedding jewellery and long-term investment planning, gold remains one of the most trusted asset classes for Indian families. However, with rising global prices and increasing imports, the government and the Reserve Bank of India (RBI) are closely monitoring the situation to ensure economic stability. Rising Gold Prices and Global Trends According to Finance Minister Nirmala Sitharaman , the recent rise in gold prices is largely driven by heavy buying by central banks across the globe. As countries strengthen their reserves amidst geopolitical uncertainties and financial market volatility, gold has re-emerged as a preferred safe-haven asset. This global demand has had a direct impact on import-dependent countries like India. Since India does not produce enough gold domestically to meet demand, it relies heavily on imports to satisfy consumption n...
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IIBS 11: A Visionary Gathering for Innovation, Leadership, and Growth

 In an era where collaboration and innovation define success, IIBS 11 stands as a powerful platform bringing together ideas, insights, and impactful conversations. Designed to foster meaningful engagement and forward-thinking discussions, this event reflects a strong commitment to excellence and continuous progress. As outlined in the official agenda IIBS Agenda the structure of IIBS 11 has been carefully curated to ensure a seamless flow of sessions, discussions, and interactive segments. Every element of the event is thoughtfully planned to maximize learning, participation, and value for attendees. A Platform for Thought Leadership IIBS 11 is more than just a scheduled event—it is a convergence of thought leaders, professionals, and visionaries. The agenda highlights key sessions focused on strategic growth, innovation, collaboration, and industry insights IIBS Agenda these sessions are designed to empower participants with actionable knowledge and fresh perspectives. The careful...
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India Revises Duty Drawback Rates for Precious Metals: What Exporters Need to Know (February 2026)

  India Revises Duty Drawback Rates for Precious Metals: What Exporters Need to Know (February 2026) Published: February 16, 2026 | Ministry of Finance, Department of Revenue The Government of India has issued a significant customs notification that will directly impact exporters dealing in gold, silver, and precious metal jewellery. Notification No. 21/2026-Customs (N.T.), published in The Gazette of India (Extraordinary) on February 16, 2026 , announces revised duty drawback rates under Chapter 71 of the All Industry Rates Schedule — and the changes are substantial. What Is Duty Drawback? Before diving into the specifics, it helps to understand what duty drawback means for exporters. Under Section 75 of the Customs Act, 1962, and Section 37(2) of the Central Excise Act, 1944, the Central Government allows exporters to claim a refund — known as a drawback — on customs and excise duties paid on inputs used in the production of exported goods. This mechanism is critical for ...
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IIBS 11 – A Landmark Gathering of the Bullion & Jewellery Industry

 The IIBS 11 (India International Bullion Summit) brought together some of the most influential leaders, traders, refiners, jewellers, banks, exchanges, and global institutions under one roof. With 675+ registered delegates , the summit became a powerful platform for knowledge sharing, networking, and shaping the future of India’s bullion and jewellery ecosystem. From traditional jewellers and bullion traders to global exchanges and financial institutions, the event reflected the strength, diversity, and rapid modernization of the Indian precious metals market. 🌟 Why IIBS 11 Was Special Strong presence from top jewellers and bullion houses Participation from major banks & financial institutions Representation from global exchanges and international players Experts from refineries, logistics, fintech, and regulatory bodies Industry veterans, CEOs, and decision-makers The summit highlighted discussions around: Gold & Silver price trends Digital g...
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