economictimes.indiatimes.com ·
silver rate today silver prices surge across ibja mcx mmtc pamp after import duty on white metal increased
The full article is on the original publisher site. This page only shows the headline and a very short excerpt.
AI insight
AI-generatedIndia raised silver import duty from 6% to 15%, causing domestic silver prices to spike ~8-10% across exchanges (IBJA, MCX, MMTC-PAMP). The mechanism is regulatory (import tax) leading to immediate cost passthrough to consumers. Impact is India-specific (EM_MARKETS) and directly affects silver bullion pricing. No supply shortage; price rise is tax-driven.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- India increased customs duty on silver from 6% to 15% on May 13, 2026.
- IBJA silver (999) price rose to Rs 2,86,850/kg from Rs 2,64,867/kg.
- MMTC-PAMP Silver 999 Fine (1kg) rose to Rs 3,16,210/kg from Rs 2,88,760/kg.
- MCX silver price increased to Rs 2,86,627/kg from Rs 2,66,109/kg.
- Price surge attributed to higher import duty and geopolitical tensions.
Over 1-4 weeks, silver demand may soften due to higher prices; gold remains unaffected.
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Sector impact at a glance
- COMMODITY_GOLDmid
- EM_MARKETSmid