Gold imports slide after India lifts effective duty to 15%, easing CAD pressure

Government officials say gold inbound shipments have dropped since the May duty hike, with BCD raised from 5% to 10% and AIDC from 1% to 5%, taking total effective import duty from 6% to 15%. Further demand cooling is expected to help contain the current account deficit near 0.6% of GDP through FY26-FY27 despite elevated crude.

— Filed Wed, 10 Jun, 2026, 23:04 IST · Source Moneycontrol · Results · Updated

India's gold imports have declined following a hike in total effective import duty from 6% to 15%, government officials said. Further demand reduction is expected, helping contain the current account deficit amid elevated crude oil prices in FY27.

Also reported by