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The Economic Times
The Economic Times
Sneha Kulkarni

Silver rate today: Silver prices surge across IBJA, MCX, MMTC-PAMP after import duty on white metal increased

silver IBJA MCX Gold Manav Modi Inflation Deficit India United States

Silver prices witnessed a sharp rally today (Wednesday, May 13, 2026) across many leading platforms such as MCX and IBJA after the central government increased customs duty on silver from 6% to 15%, reportedly adding further pressure on domestic bullion prices amid rising global uncertainty.

According to bullion market experts, silver prices have also been supported by escalating geopolitical tensions in the Middle East and concerns over inflation in global markets.

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