Budget 2026: Will Gold Get Cheaper? Demands for SGB, Digital Gold, GST Relief
Budget
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CNBC Awaaz•23-01-2026, 09:48
Budget 2026: Will Gold Get Cheaper? Demands for SGB, Digital Gold, GST Relief
- •Gold prices are soaring, with 10 grams of 24-carat gold reaching 1.5-1.6 lakh rupees, prompting calls for government relief in Budget 2026-27.
- •Industry experts advocate for simplified tax rules, promotion of digital gold, and reduced GST on jewelry to make gold more accessible and boost the economy.
- •Key demands include restarting the Sovereign Gold Bonds (SGB) scheme, which offered tax benefits and 2.5% interest, to mobilize idle household gold.
- •There's a push to promote digital gold through awareness campaigns and tax exemptions, integrating household gold into the formal economy.
- •The All India Gem and Jewellery Domestic Council (GJC) seeks a reduction in GST on jewelry from 3% to 1.25% or 1.5% to stimulate sales and ease working capital pressure.
Why It Matters: Budget 2026 faces strong demands to make gold cheaper and more accessible through tax reforms and scheme reintroductions.
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