India increases gold and silver tariffs to 15 percent, Peter Spina notes

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13.05.2026

India increases gold and silver tariffs to 15 percent, Peter Spina notes — India hikes gold and silver tariffs

Peter Spina, CEO at GoldSeek.com, reports that India has raised import tariffs on gold and silver to 15 percent from 6 percent in response to growing pressures on its foreign exchange reserves.

Gold and silver futures prices in India surged by more than 7 to 8 percent following the government order.

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The latest move follows recent challenges for India’s bullion market. Peter Spina previously reported that Indian banks have been unable to import gold and silver for five weeks, driving up domestic prices and sparking risk of shortages. The disruption placed further strain on the country’s precious metals supply chain.

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