World Gold Council says India’s increase in gold import duty from 6% to 15% could reduce 2026 jewellery and investment demand by 50-60 tonnes amid weaker sentiment and higher unofficial inflows.

Kalyan Jewellers launched the Gold4India Initiative on May 12 to promote gold recirculation, reduce import dependence by five tonnes, formalise monetization channels, and encourage responsible jewellery consumption in India.

As India raises gold import duty from 6% to 15% amid economic pressure and a weakening rupee, the jewellery industry is preparing for higher prices, evolving demand, and possible market disruption, discovers Khursheed Mistry.

PNG Jewellers on May 13 launched Swarna Swaraj from Pune to promote domestic gold recirculation, lower-karat jewellery adoption and responsible consumption following Prime Minister Narendra Modi’s appeal on gold imports.

As India raises gold import duty to 15%, leading jewellery players and trade bodies support gold conservation measures while warning of liquidity pressure, export challenges and rising risks to MSMEs.

India’s Economic Survey FY25–26 outlines how the gems and jewellery sector shaped exports, gold imports, inflation and lending, highlighting diversification gains and rising macro pressures for policymakers and industry.

GJEPC Chairman Kirit Bhansali highlights steady April–October export performance, seasonal October softness, policy-driven competitiveness, and the real context behind gold import trends, outlining a confident growth trajectory for India’s gem and jewellery sector.

Shares of Deccan Gold Mines Ltd saw a 4% decline in Monday’s trading session, as investors booked profits following a sharp rally last week

India’s gold imports are set to drop by a staggering 85% in February compared to the same month last year, hitting their lowest level in two decades, according to a report by Reuters

The World Gold Council's latest report on Central Bank Gold Statistics for December 2024 highlights significant trends in global gold trading. Poland led gold imports with 90 tonnes for the year, followed by Turkey and India

The Union Budget 2025-26 brings relief and strategic reforms for the jewellery sector. While the customs duty on gold remains steady at 6%, key changes include new tariff classifications for gold and silver, along with significant duty cuts on platinum findings and jewellery components

Titan reported a 23% decline in its Q2 profit due to inventory losses and shrinking margins, attributed to the reduction in customs duty on gold imports. Despite this, the company saw strong growth in its jewellery and watches segments

As the festive season approaches, the Indian gold market is showing promising signs of recovery, despite facing challenges from record-high prices and recent fluctuations in demand

The Indian jewellery market is set for a strong rebound in the coming months, with Nuvama predicting an 18% surge in gold jewellery demand