Budget 2026: Silver Market Braces for Potential Price Drop Amid Duty Changes
Business
N
News18•31-01-2026, 16:48
Budget 2026: Silver Market Braces for Potential Price Drop Amid Duty Changes
- •The silver market is highly active ahead of Budget 2026, with investors and industries anticipating decisions to boost demand.
- •Silver is unique as it serves both investment and industrial purposes, with geopolitical tensions driving investor interest.
- •India imports over 80% of its silver; thus, changes in import duties (currently 7.5% customs, 3% GST) will directly affect domestic prices and demand.
- •A reduction in import duties could lower domestic prices, making silver more appealing for jewelry and investment, while an increase would raise prices.
- •Budgetary focus on renewable energy and EV sectors could significantly increase industrial demand for silver, especially in solar panels and electric vehicles.
Why It Matters: Budget 2026 decisions on import duties and green energy initiatives will significantly shape silver prices and demand.
✦
More like this
Loading more articles...
