Gold-Silver Price Today Updates: Although Indian bullion markets have seen a decline in the last two days, prices remain exceptionally high. According to a report, silver has become cheaper by more than ₹1 lakh per kilogram, while gold has also fallen to around ₹40,000 per ten grams. Despite this, customers’ budgets are still strained.
Today could prove to be a very fortunate day for gold buyers. The Modi government is about to present the full budget for the financial years 2026 and 2027. The jewellery industry has high hopes for this budget. If the duty is reduced in the budget, then the prices of gold and silver could fall, which would be great news for customers. Find out below what percentage of duty is currently levied and what the industry’s expectations are.
What changes are expected in the budget regarding gold?
In Budget 2026, the central government may make significant changes to the rules related to gold. There is speculation in the bullion market that a major rule regarding the disclosure of gold in income tax returns may also be issued. The government is also closely watching the limits on holding gold at home and the related tax rules.
What are the gold and silver import charges?
The jewellery industry has high expectations for Budget 2026. The government may decide to reduce the import duty on gold and silver. Currently, this duty is 6 per cent, which is expected to be brought down to 3 or 4 per cent.
If this happens, a reduction in the prices of gold and silver may be seen in the domestic market. This could also increase the demand for jewellery in the market. After the reduction, customers may flock to the market to buy.
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What do experts say?
Gaurav Garg, Research Analyst at Lemon Markets Desk, said that bullion has seen an extraordinary surge this month, and these declines are healthy consolidations rather than a reversal in the trend. He further added that, however, high prices have started to impact physical demand, especially in price-sensitive markets like India, suggesting that despite the overwhelmingly bullish outlook for bullion, volatility may persist in the near future.