{"id":26262,"date":"2026-04-03T08:58:48","date_gmt":"2026-04-03T08:58:48","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=26262"},"modified":"2026-04-02T09:14:57","modified_gmt":"2026-04-02T09:14:57","slug":"import-tax-on-gold-in-india","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/","title":{"rendered":"Import Tax on Gold in India 2026: Latest Rates, GST &amp; Budget Impact"},"content":{"rendered":"\n<p>Think about the last time someone in your family bought gold. Maybe it was for a wedding, maybe just as a small investment. However, most of us don&#8217;t stop to think where all this gold actually comes from.<\/p>\n\n\n\n<p>India mines gold, but the domestic production is very low compared to its massive import demand.<\/p>\n\n\n\n<p><em>Did you know?<\/em><\/p>\n\n\n\n<p><em>The country\u2019s only active commercial gold mine is the Hutti Gold Mines in Karnataka\u2019s Raichur District, which is government-owned, and produces approximately 1.8 tonnes of gold annually.&nbsp;<\/em><\/p>\n\n\n\n<p>Information aside,&nbsp;<\/p>\n\n\n\n<p>The bulk of what we wear and invest in travels here from countries like the UAE, Switzerland, and South Africa, and the moment it crosses our border, the government charges a tax on it. That tax is called the import tax on gold, and it has a direct effect on the price you pay at your local jewellery shop.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/#What_is_the_Import_Tax_on_Gold_in_India\" title=\"What is the Import Tax on Gold in India?\">What is the Import Tax on Gold in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/#Why_is_Import_Tax_on_Gold_Levied\" title=\"Why is Import Tax on Gold Levied?\">Why is Import Tax on Gold Levied?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/#Current_Import_Tax_on_Gold\" title=\"Current Import Tax on Gold&nbsp;\">Current Import Tax on Gold&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/#Budget_2024_Changed_Everything\" title=\"Budget 2024 Changed Everything!\">Budget 2024 Changed Everything!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/#Conclusion\" title=\"Conclusion&nbsp;\">Conclusion&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/import-tax-on-gold-in-india\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-import-tax-on-gold-in-india\"><span class=\"ez-toc-section\" id=\"What_is_the_Import_Tax_on_Gold_in_India\"><\/span>What is the Import Tax on Gold in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When gold is imported to India, it is taxed mainly through<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Basic Customs Duty (BCD)<\/li>\n\n\n\n<li>Agriculture Infrastructure and Development Cess (AIDC)<\/li>\n\n\n\n<li>Goods and Services Tax (GST)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>The Central Board of Indirect Taxes and Customs (CBIC) is the primary authority responsible for managing and issuing official notifications on gold import duties in India.&nbsp;<\/p>\n\n\n\n<p>The Directorate General of Foreign Trade (DGFT) oversees policy implementation, licence approvals, and the issuance of Importer-Exporter Codes (IEC).&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Read Also:<\/strong>&nbsp;<a href=\"https:\/\/www.pocketful.in\/blog\/how-many-grams-is-1-tola-of-gold\/\">1 Tola Gold in India: How Many Grams, Price &amp; Investment Insights<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-import-tax-on-gold-levied\"><span class=\"ez-toc-section\" id=\"Why_is_Import_Tax_on_Gold_Levied\"><\/span>Why is Import Tax on Gold Levied?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-1-to-control-the-trade-deficit\">1. To Control the Trade Deficit<\/h3>\n\n\n\n<p>India is one of the world\u2019s largest consumers of gold, but produces very little of it domestically. This means we import huge quantities every year.<\/p>\n\n\n\n<p>According to insights shared by the Reserve Bank of India (RBI), high gold imports increase the trade deficit, which is the gap between imports and exports.<\/p>\n\n\n\n<p>When imports rise too much, more foreign currency (like USD) goes out of India, and the trade balance worsens. By imposing import duty, the government tries to reduce excessive demand for gold imports.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-2-to-protect-the-value-of-the-indian-rupee\">2. To Protect the Value of the Indian Rupee<\/h3>\n\n\n\n<p>Gold imports are paid for in US dollars. Higher gold imports can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increase demand for dollars<\/li>\n\n\n\n<li>Put pressure on the Indian Rupee<\/li>\n\n\n\n<li>Lead to currency depreciation<\/li>\n<\/ul>\n\n\n\n<p>Import tax acts as a brake on demand, helping stabilise the currency indirectly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-3-to-generate-government-revenue\">3. To Generate Government Revenue<\/h3>\n\n\n\n<p>Import duty is also a source of revenue. As per tax structures notified by the Central Board of Indirect Taxes and Customs, gold imports contribute significantly to indirect tax collections.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-current-import-tax-on-gold-nbsp\"><span class=\"ez-toc-section\" id=\"Current_Import_Tax_on_Gold\"><\/span>Current Import Tax on Gold&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;Here is how the full tax picture looks when gold is imported:<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Tax Component<\/th><th>Rate<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">Tax Component<\/td><td>Rate<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Basic Customs Duty (BCD)<\/td><td>5%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Agriculture Infra. Cess (AIDC)<\/td><td>1%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Total Import Duty<\/td><td>6%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">GST on Gold (at purchase)<\/td><td>3%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">GST on Making Charges<\/td><td>5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>The Breakdown&nbsp;<\/strong><\/p>\n\n\n\n<p>When a bank or a private agency imports gold bars or coins, they pay a total tax of 6%. This is divided into 2 parts.&nbsp;<\/p>\n\n\n\n<p>Basic Custom Duty (BCD) of 5%, which is the standard tax on imported goods.&nbsp;<\/p>\n\n\n\n<p>AIDC of 1% is a special tax used by the government for farming and rural development.&nbsp;<\/p>\n\n\n\n<p>Furthermore, if you are importing raw or unrefined gold (Gold Dore), the tax is slightly lower at 5.35%.&nbsp;<\/p>\n\n\n\n<p><em>Did you know?<\/em><\/p>\n\n\n\n<p><em>If you stay abroad for more than 6 months, you can get a duty-free allowance. Women can bring up to 40 grams, and men can bring up to 20 grams, duty-free. However, this allowance is only for jewellery. If you bring in gold coins or bars, you have to pay full duty.&nbsp;<\/em><\/p>\n\n\n\n<p><strong>Example&nbsp;<\/strong><\/p>\n\n\n\n<p>Suppose gold is imported at \u20b9100,000.<\/p>\n\n\n\n<p>Import Duty is 6% = \u20b96,000<\/p>\n\n\n\n<p>Value becomes = \u20b9106,000<\/p>\n\n\n\n<p>GST = 3%<\/p>\n\n\n\n<p>Final Cost = \u20b9109,180<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-budget-2024-changed-everything\"><span class=\"ez-toc-section\" id=\"Budget_2024_Changed_Everything\"><\/span>Budget 2024 Changed Everything!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gold prices fell sharply in July 2024.<\/p>\n\n\n\n<p>On 24 July 2024, the Union Budget brought the import duty on gold down from 15% to just 6%, something India had not seen since 2013.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-impact-at-a-glance\">Impact at a Glance<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th><\/th><th class=\"has-text-align-center\" data-align=\"center\">Then&nbsp;<\/th><th>Now&nbsp;<\/th><\/tr><\/thead><tbody><tr><td><strong>Import Value<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\"><strong>100,000<\/strong><\/td><\/tr><tr><td><strong>Import Tax Rate<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><td>6%<\/td><\/tr><tr><td><strong>Tax Payable<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">15,000<\/td><td>6,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The government had a reason for doing this.&nbsp;<\/p>\n\n\n\n<p>When duty was 15%, smugglers had a comfortable profit margin by bypassing official channels. At 6%, that margin shrank considerably and legal importing became the more sensible option. Jewellery exporters benefited too since their input costs fell.<\/p>\n\n\n\n<p><strong>Read Also:&nbsp;<\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/1-pavan-gold-in-grams\/\">What is 1 Pavan of Gold in Grams and How is It Calculated?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion-nbsp\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gold has always held a special place in India, whether as an investment, a hedge against uncertainty, or part of our cultural traditions. But, its pricing is closely influenced by government policies, especially import taxes.<\/p>\n\n\n\n<p>As we have seen, the current structure, around 6% import duty and 3% GST, is not just about taxation. It is a well-thought-out strategy by the government to balance gold demand, protect the economy, and encourage more productive investments.<\/p>\n\n\n\n<p>For investors and buyers, understanding this tax structure is important. It helps you make better decisions, whether you\u2019re buying jewellery, investing in gold, or simply tracking prices.<\/p>\n\n\n\n<p>At the end of the day, gold may shine the same, but the price you pay is shaped by much more than just global rates. Get market insights with <a href=\"https:\/\/www.pocketful.in\/\">Pocketful<\/a> &#8211; advanced trading &amp; zero brokerage on equity delivery.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Gold Rate in Top Cities of India<\/th><th class=\"has-text-align-left\" data-align=\"left\">Silver Rate in Top Cities of India<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/ahmedabad\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Ahmedabad<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/ahmedabad\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Ahmedabad<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/ayodhya\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Ayodhya<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/ayodhya\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Ayodhya<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/bangalore\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Bangalore<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/bangalore\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Bangalore<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/bhubaneswar\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Bhubaneswar<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/bhubaneswar\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Bhubaneswar<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/chandigarh\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Chandigarh<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/chandigarh\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Chandigarh<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/chennai\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Chennai<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/chennai\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Chennai<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/coimbatore\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Coimbatore<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/coimbatore\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Coimbatore<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/delhi\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Delhi<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/delhi\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Delhi<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/jaipur\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Jaipur<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/jaipur\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Jaipur<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/kerala\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Kerala<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/kerala\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Kerala<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/kolkata\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Kolkata<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/kolkata\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Kolkata<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/lucknow\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Lucknow<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/lucknow\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Lucknow<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/madurai\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Madurai<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/madurai\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Madurai<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/mangalore\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Mangalore<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/mangalore\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Mangalore<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/mumbai\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Mumbai<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/mumbai\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Mumbai<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/nagpur\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Nagpur<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/nagpur\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Nagpur<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/gold-rates\/patna\" target=\"_blank\" rel=\"noreferrer noopener\">Gold rate in Patna<\/a><\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/silver-rates\/patna\" target=\"_blank\" rel=\"noreferrer noopener\">Silver rate in Patna<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">What is the import tax on gold in India?<\/h3><p class=\"saswp-faq-answer-text\">Right now import duty on gold in India stands at 6%.\u00a0<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Does GST come on top of the import duty?\u00a0<\/h3><p class=\"saswp-faq-answer-text\">Yes, both are different charges. The 6% import duty is already part of the gold&#8217;s wholesale price. At the time of purchase, 3% GST is charged on the gold value and 5% on making charges separately.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What if I stay abroad for less than 6 months?<\/h3><p class=\"saswp-faq-answer-text\">If you stay abroad for more than 6 months, then you pay 6% duty on gold up to 1 kg. Others will face a normal rate of 36%.\u00a0<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What if someone does not declare gold at the airport?\u00a0<\/h3><p class=\"saswp-faq-answer-text\">If you skip the declaration, then the customs can seize it on the spot under Section 111 of the Customs Act, 1962.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the tax for gold dore?<\/h3><p class=\"saswp-faq-answer-text\">Current tax on gold dore is 5.35% which was lowered from 14.35% in Budget 2024 to boost refining in India.\u00a0<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>Think about the last time someone in your family bought gold. Maybe it was for a wedding, maybe just as a small investment. However, most of us don&#8217;t stop to think where all this gold actually comes from. India mines gold, but the domestic production is very low compared to its massive import demand. Did [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":26272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[268],"tags":[],"class_list":["post-26262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Import Tax on Gold in India 2026: Latest Rates, GST &amp; Budget Impact<\/title>\n<meta name=\"description\" content=\"Check the latest import tax on gold in India, including BCD, AIDC, and GST. 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