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via thehindu.comPolitics

India: gold and silver imports by banks and agencies subject to 3% IGST from April 2026

FROM THE WIRE · THEHINDU.COM

Gold, banks, and agencies now face 3% IGST on precious metals imports from April 1, 2026, aligning tax parity with bullion.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHigher tax on precious metals imports will reduce competitiveness and may compress margins for traders and refiners.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01From April 1, 2026, banks and nominated agencies will pay 3% IGST on gold and silver imports.
  2. 02The measure aligns taxation of imported precious metals with domestic bullion tax treatment.
  3. 03Higher import costs may reduce demand for imports and compress trader and refiner margins.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,168.40 USD+0.11%today +0.27%Negative SilverCOMMODITY:SILVERCommodity59.77 USD+0.25%today +0.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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