India, Oct. 16 -- The Central Government has reduced duty drawback rates for exported gold and silver jewellery and other precious metal products. The gold jewellery rate has been cut from Rs1,851.99 to Rs1,794.11 per gram, while the silver products rate has fallen from Rs29,501.09 to Rs26,859.02 per kilogram, potentially affecting exporters' profit margins.

Key Highlights Gold jewellery duty drawback reduced by 3.1%, from Rs1,851.99 to Rs1,794.11 per gram. Silver jewellery and product rates cut by nearly 9%, from Rs29,501.09 to Rs26,859.02 per kilogram. The revision follows a substantial increase in duty drawback rates announced in July 2026. Lower refunds could affect exporters' margins, although strong global demand may help cushion ...