Browsing: Silver

The GST structure has been overhauled: the 12% and 28% slabs are removed, most items move to 5% or 18%, a special 40% slab is introduced for sin and luxury goods, and individual life and health insurance is exempted. These changes take effect from 22 September 2025.

The Indian government has revised duty drawback rates on gold, silver, and platinum jewellery to support exporters facing steep US tariffs. Learn how this move impacts India’s $29.8 billion gems and jewellery export sector.

July 2025 sees strong growth in exports, while cumulative April–July figures reflect a decline in key segments.

In a landmark decision announced recently, the Bureau of Indian Standards (BIS) will introduce voluntary hallmarking for silver jewellery and artefacts starting September 1, 2025.

India’s total imports under the Gem & Jewellery category (Chapter-71) for May 2025 stood at ₹32,006.09 crore (US$3,748.62 million), showing a marginal year-on-year decline of 0.18% in rupee terms and 2.52% in dollar terms when compared to ₹32,065.28 crore (US$3,845.69 million) in May 2024.

India’s gem and jewellery exports for May 2025 witnessed a noticeable dip, with gross exports falling 15.81% to US$ 2,263.42 million (₹19,260.81 crore), compared to US$ 2,688.38 million (₹22,414.02 crore) in May 2024. Imports also dropped 12.96% to US$ 1,689.61 million (₹14,393.12 crore). However, in a positive turn, the cumulative export value for April-May 2025 increased by 4.96% year-on-year to US$ 5,202.01 million (₹44,407.30 crore). Imports during the same period declined slightly by 2.52% to US$ 3,748.62 million (₹32,006.09 crore).

Gold surged past $3400 (~Rs 1,00,000), reaching a record high as geopolitical tensions escalated following Israel’s strike on Iran and the declaration of a state of emergency. Softer US inflation data also boosted expectations of further Fed rate cuts, supporting safe-haven demand. According to Augmont Gold, the breakout above $3425 signals a possible move toward $3500 (~Rs 1,01,000) in the near term

On a monthly basis, gold remained constant at about $3300, fluctuating by $150 up and down throughout the month. As markets processed the news of US tariffs and conflicting data releases, gold was unable to make a clear move in either direction.

Gold prices are showing signs of another parabolic rise in 2025, fueled by global economic uncertainty, weakening of the US dollar, and mixed signals from US-China trade negotiations. The recent breakout above $3380 (~Rs 96,000) suggests further upside potential toward $3450 (~Rs 97,500). Augmont Gold notes growing investor interest in gold as a safe haven amid inflation concerns and geopolitical instability.

Gold prices have dropped by over $200 from their peak of $3509, driven by President Trump’s softened stance on firing Fed Chair Jerome Powell and optimism surrounding a U.S.-China trade deal. Positive geopolitical news, including talks between Russia and Ukraine, has also fueled risk-on sentiment, reducing gold’s appeal as a safe-haven asset. Augmont Gold expects prices to trade between $3320 and $3400 in the short term