New Delhi, May 13 -- The government on Wednesday hiked import duties on gold and silver to 15% from 6% in a bid to reduce imports of precious metals amid a rising import bill due to the West Asia crisis.

India, the world's second-largest gold consumer after China, relies heavily on imports to meet jewellery demand. Gold imports rose over 24% to a record $71.98 billion in 2025-26, although import volumes fell 4.76% to 721.03 tonnes.

Here's a look at how the duty hike could impact jewellery prices and investments, and why expert see this as an opportunities for investors.

Following the hike, the the price of gold increased by Rs.1,500, or nearly 1%, to Rs.1,56,800 per 10 grams in Delhi on Tuesday from Monday's closing level of Rs.1,55,30...