Indian gold premiums hit decade high as investors anticipate budget duty hike
Gold premiums in India reached $112 per ounce this week as investors anticipate a duty hike in the February budget. This comes as global prices near record highs.
Insights:
Gold premiums in India 
INsurged to their highest level in over a decade this week as investors rushed to purchase the metal ahead of a projected import duty increase in the upcoming union budget. Finance Minister Nirmala Sitharaman nirmala sitharamanis scheduled to present the federal budget for the 2026/27 fiscal year on February 1, 2026. This anticipation has driven domestic premiums to as much as $112 per ounce over official prices, a stark reversal from the $12 per ounce discount offered by dealers just last week.
INsurged to their highest level in over a decade this week as investors rushed to purchase the metal ahead of a projected import duty increase in the upcoming union budget. Finance Minister Nirmala Sitharaman nirmala sitharamanis scheduled to present the federal budget for the 2026/27 fiscal year on February 1, 2026. This anticipation has driven domestic premiums to as much as $112 per ounce over official prices, a stark reversal from the $12 per ounce discount offered by dealers just last week.
