Gold ₹14,214.04/g ▼ -0.21% Silver ₹195.97/g ▲ +0.22% Platinum ₹4,747.01/g ▼ -0.80% Palladium ₹3,190.90/g ▼ -0.80% Rhodium ₹25,485.93/g ▲ +0.00% Copper ₹1,238.34/kg ▼ -0.75% Aluminium ₹263.24/kg ▼ -0.11% Cobalt ₹2,999.26/kg ▲ +0.00% Gallium ₹22,591.97/kg ▲ +0.00% Indium ₹61,024.29/kg ▲ +0.00% Iron Ore ₹7.86/kg ▲ +0.00% Lead ₹165.87/kg ▲ +0.01% Lithium ₹1,259.44/kg ▲ +0.00% Molybdenum ₹7,835.78/kg ▲ +0.00% Nickel ₹1,371.03/kg ▲ +0.04% Neodymium ₹12,237.31/kg ▲ +0.00% Tin ₹4,339.39/kg ▼ -0.02% Tellurium ₹10,367.64/kg ▲ +0.00% Uranium ₹17,194.30/kg ▲ +0.00% Zinc ₹324.48/kg ▲ +0.03% Crude Oil (Brent) ₹11,099.48/bbl ▼ -0.20% Crude Oil (WTI) ₹9,824.13/bbl ▲ +0.38% Gasoline ₹305.39/gal ▼ -0.35% Natural Gas ₹249.67/MMBtu ▼ -0.99%

Company

GST Council

The body of India's Union and state finance ministers that decides goods and services tax rates and rules.

Covered in 1 MetalsCost.com News Intelligence article, most recently on October 8, 2026.

Coverage

India Confirms Banks Have Paid 3% IGST on Gold Imports Since April as Exemption Lapses

India's government has confirmed that banks lost their exemption from 3% IGST on gold, silver and platinum imports on March 31 and have paid the tax since April. The GST Council was informed at its meeting on October 8.

Neutral · Oct 8, 2026