Budget 2026: Silver Market Braces for Major Announcements, Potential Upheaval
Budget
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CNBC Awaaz•31-01-2026, 15:10
Budget 2026: Silver Market Braces for Major Announcements, Potential Upheaval
- •Budget 2026 decisions are keenly awaited by silver investors and the industry due to its dual role as an investment and industrial commodity.
- •India imports over 80% of its silver; changes in the 7.5% customs duty and 3% GST could significantly impact domestic prices and demand.
- •The gems and jewelry sector seeks import duty and GST relief to boost demand and global competitiveness.
- •Budget's focus on green energy, particularly solar panels and EVs, could increase industrial silver demand by 15-20%.
- •Industrial consumption from electronics, EV, and solar sectors accounts for 68% of total industrial silver demand, with strong Silver ETF investments noted in 2025.
Why It Matters: Budget 2026 is set to significantly influence the silver market through import duties and green energy policies.
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