After the central government raised import duty on gold from 6% to 15%, the prices of gold at Multi Commodity Exchange of India (MCX) and popular jewellery brands like Kalyan Jewellers and Tanishq saw a significant spike today (Wednesday, May 13, 2026). Prices of many gold exchange traded funds (ETFs) were also up by 5% by 2:22 pm today. The higher customs duty, which has been imposed to curb surging gold imports, may remain high for a year, according to Suvankar Sen, MD, Senco Gold.
In such a scenario, what should current and new gold investors do with their gold investments?
