The notification from the DGFT comes within a week of the government raising the duty on the import of the precious metal to 15 per cent from 6 per cent
Under the revised policy, imports of silver bars containing 99.9 per cent or more silver by weight, as well as other silver bars under specific HS codes, will now require authorisation
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,44,740
Today's BS Opinion wrap looks at gold imports and forex pressures, judicial infrastructure gaps, financing the Viksit Bharat dream, coal gasification, and Japan's wartime history
The government today increased the import duty on gold and silver from 6 per cent to 15 per cent; analysts see this as a positive move for Hindustan Zinc.
The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee
Gold and silver may remain range-bound for a second consecutive week as investors assess developments in US-Iran peace negotiations and global macroeconomic data, analysts said. Traders will track inflation data from China, Germany, and the United States, along with GDP numbers from the Eurozone and the UK, later this week, they added. "Gold prices momentum looks consolidative, while silver movement looks positive in the coming week as traders will focus again on the progress on peace talks between the US and Iran to end the war and markets are likely to react accordingly," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures gained Rs 1,178, or nearly 1 per cent over the past week, to settle at Rs 1.52 lakh per 10 grams. Silver climbed Rs 10,985, 4.4 per cent, to close at Rs 2.61 lakh per kg. "Gold traded with a positive undertone last week, posting gains of nearly 1 per cent on MCX ..
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,140
Precious metal prices are expected to witness mixed movement next week as investors track developments in the US-Iran conflict, string of global economic data releases, and domestic political cues, analysts said. Traders will closely monitor PMI readings from major economies early in the week, followed by US labour market indicators and non-farm payroll data later in the week for fresh cues on monetary policy and bullion demand, they added. "In the week ahead, precious metal prices momentum is expected to remain mixed with focus on developments on the US-Iran tussle and follow-up on peace talks," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures declined Rs 1,347, or nearly 1 per cent, to close at Rs 1.51 lakh per 10 grams. Silver, however, outperformed and gained Rs 879 to settle at Rs 2.50 lakh per kilogram during the past week. "Gold traded largely range-bound last week, ending ..
Those investing now should stagger their investments and enter with a long-term horizon
Gold prices have surged nearly 60% since Akshaya Tritiya 2025 and are still hovering around ₹1.5 lakh per 10 grams after a recent correction.
Gold and silver may face some selling pressure this holiday-shortened week as traders track peace talks between the US and Iran, crude oil rates and the Federal Reserve's policy decision, analysts said. Domestic commodity markets would remain closed on Friday on account of Maharashtra Day. "Focus in the coming week will remain on the progress in peace talks between the US and Iran, and their potential impact on oil, gold, and broader financial markets," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the macroeconomic front, traders will monitor monetary policy decisions from the US Federal Reserve, Bank of Japan, Bank of England and European Central Bank. Besides this, key US data on housing, Personal Consumption Expenditures (PCE) inflation and consumer confidence, along with factory activity numbers from major economies later in the week, will also guide sentiment, he added. Analysts said the April 29 Federal Open Market ...
Hindustan Zinc reports record quarterly profit and revenue, driven by higher zinc and silver prices, strong output, and lower costs, with margins expanding in Q4 FY26
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,840
Authorised by the RBI, the order permits 15 banks, including the State Bank of India, HDFC Bank, and Bank of India, to import both gold and silver from April 1, 2026, to March 31, 2029
On April 14, silver prices surged to $80.85 -- the highest since March 13 -- on Iran peace hopes before erasing gains as the US Dollar stabilised
Without fresh imports, India could face supply shortages, as the world's second-largest gold consumer and biggest silver buyer relies on overseas purchases to meet nearly all its demand
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,41,110
Gold and silver are traditionally seen as safe havens during war. But the ongoing West Asia conflict is telling a different story. Prices are falling, not rising.
Gold outlook steady, silver may stay volatile: Which metal can deliver better returns in 2026? Analyst shares the full investment outlook for precious metals amid Iran war-led uncertainty