Price, Charges & Tax
Gold Import Duty in India
How customs duty shapes the domestic gold price.
Rates as on 29 September 2026 · Updated 29 September 2026
Today’s 22K / 24K (Delhi)
₹13,689 / ₹14,933
per gram, excl. GSTOverview
India imports almost all its gold, so customs duty is a direct component of the domestic price. In the July 2024 Budget the effective duty on gold was cut from 15% to 6% (5% basic customs duty + 1% Agriculture Infrastructure and Development Cess). Any change in duty moves Indian prices immediately.
| Particular | Details |
|---|---|
| Effective duty (bars/coins) | 6% (5% BCD + 1% AIDC) |
| Previous rate | 15% (till July 2024) |
| GST on top | 3% |
| Duty-free allowance (travellers) | Gold jewellery up to ₹50,000 (men) / ₹1,00,000 (women) for residents abroad for more than 1 year |
| Tariff value | Notified fortnightly by CBIC |
Duty history
| From | Effective duty | Note |
|---|---|---|
| Jul 2024 | 6% | Budget cut from 15% |
| Feb 2023 | 15% | Including AIDC |
| Jul 2022 | 15% | Raised from 10.75% |
| Feb 2021 | 10.75% | Cut from 12.5% |
Why duty matters
- Higher duty widens the gap between Indian and international prices
- Duty cuts reduce smuggling incentives
- Jewellery exporters get duty drawback
Frequently asked questions
Is gold import duty the same for jewellery?
Rates differ for finished jewellery and other forms; check the current customs tariff.
Gold rates are indicative market references (29 September 2026) and change during the day. Rules on tax, hallmarking and investment products can change — verify with official sources. FinancePortal does not sell gold.