India Implements 15% Gold and Silver Import Tariff
2 UPDATES · 21 DAYS · 13 MAY 2026 — 2 JUN 2026
Narendra ModiPM ModiAmit ShahMumbaiHyderabad
Latest · 13 May 2026
India implemented a 15% import tariff on gold and silver to strengthen its rupee and replenish depleted foreign currency reserves.
What this timeline covers
This event covers the Indian government's hike in gold import duties and the subsequent rally in gold financing firms' stocks, including reactions, analyses, and follow-up developments related to this specific occurrence. It excludes other actions by the Indian government, gold financing firms, or related parties unless they are direct developments of this specific duty hike and its consequences.
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