Budget 2026: Silver Market Braces for Major Upheaval, Import Duty Key

• Budget 2026 decisions are expected to significantly impact the silver market, with investors and industry keenly watching.
• India imports over 80% of its silver; changes in customs duty (currently 7.5% plus 3% GST) will directly affect domestic prices and demand.
• A reduction in import duty could lower silver prices, boosting demand from jewelry buyers and investors.
• The budget's focus on green energy, particularly solar panels and electric vehicles, is crucial as silver is a key component in these sectors.
• Policies promoting renewable energy and EV sector support could increase industrial silver demand by 15-20%.

Why It Matters: Budget 2026's import duty and green energy policies will be pivotal for silver prices and demand.