The Economic Times

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

Silver prices saw a significant jump on May 13, 2026. This surge followed the government's decision to increase customs duty on silver imports. Global geopolitical tensions and inflation worries also contributed to the price rise. Experts predict higher domestic prices and potential impact on consumer demand. The duty hike aims to reduce India's trade deficit and support the rupee.