---
title: "India's gold duty hike triggers record discounts, stock slump"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286331715.md"
description: "India's recent hike in gold import duty has led to record domestic discounts of $207 an ounce, prompting significant investor selling. Consequently, shares of major jewellers have dropped by up to 15% due to anticipated weaker demand and increased import costs. Additionally, the higher margins for grey-market operators may encourage illegal gold imports, posing a threat to official trade channels."
datetime: "2026-05-14T00:01:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286331715.md)
  - [en](https://longbridge.com/en/news/286331715.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286331715.md)
---

# India's gold duty hike triggers record discounts, stock slump

Record market discounts: Domestic gold discounts hit $207 an ounce after India's import duty hike, as higher prices spurred investor selling. Stocks under pressure: Shares of major jewellers fell up to 15% on expectations of weaker demand and rising import costs. Smuggling risk rises: Wider margins for grey-market operators could fuel illegal gold imports, undermining official trade channels.

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