Jewelery stocks: Huge fall in gold and silver rates! Shares of these companies including Titan, Kalyan Jewelers fell – Market

Apart from this, silver on MCX reached 12% lower circuit. It saw a decline of about Rs 32,000 per kg. Silver has fallen more than 45 percent from its record high of Rs 4,20,048.

No change in import duty of gold and silver

The existing custom duty structure on gold and silver imports has been maintained in the Union Budget 2026. The rates announced last year still remain intact. A total duty of 6 percent will be imposed on import of gold in all forms, which includes 5 percent Basic Custom Duty (BCD) and 1 percent Agriculture Infrastructure and Development Cess (AIDC).

Import of silver by Indian residents will also continue to attract 6 percent tax, which includes 5 percent BCD and 1 percent AIDC. However, silver imports by non-Indian persons will continue to attract a higher duty of 36 per cent, which includes 35 per cent BCD and 1 per cent AIDC.

The central government had reduced the customs duty on gold and silver bars from 15 percent to 6 percent from July 24, 2024, in the interim Union Budget 2024. The Union Budget 2026 has maintained these low rates, thereby providing continuity and policy stability for the precious metals market.

The Union Budget 2026 has now extended this tax system for another year, till March 31, 2027, thereby providing continued relief to the sector.

What is Basic Custom Duty (BCD)?

Basic Custom Duty (BCD) is a standard tax levied by the Indian Government on goods imported into the country under the Customs Act, 1962. It is imposed to regulate imports, protect domestic industries and generate revenue for the government.

In which poems action is visible?

Shares of Tata company were trading 2.4 percent lower, i.e. Rs 93.65, at Rs 3,896.95. The stock slipped to an intraday low of Rs 3,892.85, a decline of about 2.5 per cent from its previous close of Rs 3,990.60.

Senco Gold

This BSE 1000 stock also fell 2.1 percent to Rs 299.15 along with the market decline. The stock touched an intraday low of 2.3 percent during today’s trading session.

Kalyan Jewelers

By 12 noon the jewelery stock was trading 3 per cent lower, i.e. Rs 11.05, at Rs 357.75. The stock fell 3.4 per cent from its previous closing price of Rs 368.80.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.