Silver And Gold Futures Spike After Import Tariff Hike Roils Domestic Metals Market

Ashik Bothra May 13, 2026 500 Views

Indian silver futures (MSVc1) surged about 6% to 295,805 rupees per kg while gold futures (MAUc1) jumped roughly 6% to 162,648 rupees per 10 grams after the government raised import tariffs, tightening supply economics and prompting immediate market repricing. Traders, jewellers and importers are reassessing hedges, retail pricing and inventory strategies amid higher landed costs.