Facts that change
Core about 10 min
| Fact | Value | As of | Source |
|---|---|---|---|
| India gold import duty (BCD + AIDC) | 15% (10% + 5%) | from 13 May 2026 | CBIC Notifications 15/2026-Customs and 16/2026-Customs, 12 May 2026 (https://www.cbic.gov.in; read from a tax publication's copy) |
| Previous duty | 6% (5% + 1%) | 24 Jul 2024 – 12 May 2026 | https://www.tribuneindia.com/news/india/government-cuts-customs-duty-on-gold-silver-to-6-per-cent-mobile-phones-15-per-cent-642580 |
| GST on gold | 3% (1.5% CGST + 1.5% SGST, or 3% IGST on import) | Nov 2026 | CBIC GST rate schedule for heading 7108 (https://cbic-gst.gov.in); not re-read on 6 Nov 2026, so verify |
| Gold tariff value revision | roughly fortnightly (CBIC) | 2026 | https://taxguru.in/custom-duty/cbic-revises-customs-tariff-values-gold-silver-oils-brass-scrap-1-august-2026.html |
| Gold spot | about $4,098/oz | 6 Nov 2026 | secondary spot quote (LBMA Gold Price history is licence-restricted) |
| Gold all-time high | about $5,608 / $5,626 (sources differ) | late Jan 2026 | secondary spot quotes |
| MCX GOLD Dec-26 | ₹1,38,839/10 g | 2 Nov 2026 | news reports (secondary) |
| Silver spot | about $51.9/oz; ATH $121.64 (Jan 2026) | 6 Nov 2026 | secondary spot quotes |
| Gold/silver ratio | 79.0 | 5 Nov 2026 | computed from COMEX front-month closes (GC=F/SI=F) |
| Brent spot (EIA) | $107.03 | 3 Nov 2026 (latest EIA observation on 6 Nov) | https://www.eia.gov/dnav/pet/hist/RBRTED.htm ; FRED DCOILBRENTEU |
| Brent front-month futures | $94.62 settle (4 Nov, −8.7%); about $98.3 (5 Nov) | 4–5 Nov 2026 | exchange settlements as reported (secondary) |
| Brent 2026 peak | EIA spot $138.21 (7 Apr); futures about $118 highest settle (31 Mar), about $126 intraday (30 Apr); dated $141.37 (2 Apr): differs by measure | 2026 | EIA RBRTED (primary); futures and dated Brent secondary (Reuters) |
| WTI spot (EIA) | $99.64 | 3 Nov 2026 | https://www.eia.gov/dnav/pet/hist/RWTCD.htm ; FRED DCOILWTICO |
| USDINR | FBIL reference rate 94.3996 | 5 Nov 2026 | FBIL, as published on https://www.rbi.org.in |
| USDINR 2026 record | 96.82 (20 May); previous record 91.03 (16 Dec 2025) | 2026 | Federal Reserve H.10 noon rates, FRED DEXINUS |
| RBI repo | 5.50% (SDF 5.25%, MSF 5.75%) | from 7 Oct 2026 | RBI, MPC resolution, 7 Oct 2026: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63742 |
| Fed funds target | 3.75–4.00% | from 17 Sep 2026; held 28 Oct 2026 | FOMC statements; FRED DFEDTARL/DFEDTARU |
| US 10y TIPS yield | 2.64% (4 Nov); 2026 high 2.95% (5 Oct) | Nov 2026 | FRED DFII10 (US Treasury) |
| Central-bank gold buying | 321 t Q3 2026; 675 t YTD; 863 t in 2025 | 3 Nov 2026 | https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q3-2026 |
| Gold ETF holdings | record 4,256 t (Q3 2026 inflow 211 t) | 3 Nov 2026 | same |
| Silver market balance | 2026 deficit forecast about 46.3 Moz | Apr 2026 | Silver Institute via Crux Investor/FXStreet (secondary) |
| OPEC+ | Dec 2026 targets held at Sept levels; next meeting 29 Nov 2026 | 1 Nov 2026 | https://opec.org/pr-detail/620-1-november-2026.html |
| Indian basket weights | 61% Dated Brent / 39% Dubai-Oman | from Mar 2026 | secondary news report, 13 Apr 2026; verify on https://ppac.gov.in |
| RBI oil sensitivity | +10% crude → about +30 bp CPI, −15 bp growth (Oct 2025 MPR); about +20 bp CPI (RBI staff study, Jul 2025 Bulletin) | Oct 2025 / Jul 2025 | Jul 2025 study: https://www.businesstoday.in/latest/economy/story/crude-oil-shock-10-price-spike-can-push-inflation-up-20-bps-says-rbi-research-485970-2025-07-23 ; Oct 2025 MPR: reported coverage (not opened) |
| MCX lot sizes and ticks | table in 10.10 | 25 Oct 2026 | secondary summary; verify with the exchange on https://www.mcxindia.com/products |
| MCX trading hours | 9:00 AM–11:55 PM IST (US winter); 11:30 PM (US summer) | from 2 Nov 2026 | secondary notices (verify with the exchange) |
| MCX bullion tender period | last 3 trading days vs about 5 days | 2026 | conflicting secondary sources (verify with the exchange) |
| COMEX silver margin | raised 11% → 15% | Jan 2026 | secondary aggregators |