New Delhi, May 13 (APAC Media): The Centre government on Tuesday revised customs duty rates on gold findings and specified recyclable imports through Notification No. 16/2026-Customs issued by the Ministry of Finance, with the revised rates effective from May 13.
According to the notification, gold and silver findings will now attract a customs duty of 5%, while platinum findings will be subject to a duty of 5.4%.
“The revised duty structure has been notified to rationalise the levy on jewellery findings and related yellow metal imports,” a senior Finance Ministry official said.
On the Multi Commodity Exchange (MCX), gold is expected to find support in the Rs 1,52,800–Rs 1,52,100 range, while resistance is seen between Rs 1,54,000 and Rs 1,54,850.
Silver is likely to witness support at Rs 2,74,400–Rs 2,70,700, with resistance placed in the Rs 2,83,000–Rs 2,88,000 band.
Shares of Titan Company were trading largely flat with a negative bias at Rs 4,053.80 apiece on the NSE, while Kalyan Jewellers India declined as much as 5.87% to Rs 340.55.
Senco Gold was trading 0.56% lower at Rs 310.70, whereas Thangamayil Jewellery fell nearly 3% to Rs 3,562.20.
The government has also fixed customs duty at 4.35% on imports of precious metal spent catalysts, subject to fulfilment of prescribed compliance conditions under the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules 2022.
“Gold, silver or platinum findings mean a small component such as a hook, clasp, clamp, pin, catch, or screw back used to hold the whole or a part of a piece of jewellery in place,” the notification stated.
Ministry of Finance updates customs duty rates for precious metals & findings vide Notification 16/2026-Customs, effective today (May 13).
Gold & Silver findings to attract 5% duty, Platinum findings at 5.4%. Precious metal spent catalyst set at 4.35%, subject to the… pic.twitter.com/OlSeFCceWw
— DD News (@DDNewslive) May 13, 2026
In global markets, oil prices eased on Wednesday after three straight sessions of gains, as investors monitored developments around a fragile ceasefire in the Iran conflict.
As per the revised norms, importers seeking concessional duty benefits on spent catalysts containing precious metals will be required to furnish an undertaking declaring the percentage of precious metal content and confirm that the imported material is intended for recovery purposes.
Prime Minister Narendra Modi on Sunday urged citizens to avoid purchasing gold for one year in order to help safeguard India’s foreign exchange reserves, noting that the country relies almost entirely on imports to meet its gold demand.
“The revised notification brings greater clarity to tariff treatment of jewellery findings and aligns concessional imports with stricter compliance norms,” said a bullion market analyst.
The notification further stated that importers must submit a valid clearance certificate issued by the Ministry of Environment, Forest and Climate Change for recycling or recovery operations.
Officials said the move is aimed at rationalising the duty structure for jewellery components and strengthening compliance norms for imports linked to precious metal recovery and recycling.
The latest notification amends earlier customs notifications issued in 2018 and 2021 concerning tariff items related to precious metals and associated products.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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