How to think about landed gold cost
Gold imported into India is affected by more than the international dollar price. A practical landed-cost view starts with USD gold, converts it using USD/INR, and then considers customs duty, AIDC, GST, logistics, refining, and dealer premiums.
Current 2026 market reporting says effective import duty on gold and silver returned to about 15% from May 13, 2026. This page keeps the calculation educational and tells readers to verify the latest official CBIC notification before using duty assumptions.
Simple educational formula
India reference = global spot x USD/INR x gram conversion. Landed context then adds applicable duty, GST, and local premium. The actual invoice price can differ.
Sources to verify: CBIC customs notifications, GST rules, and exchange/dealer settlement references.