India’s silver imports are expected to recover ahead of Diwali after the government issued fresh import permits covering 6,000 tonnes of the precious metal. The move comes as traders prepare for the festive season, when demand for silver jewellery, coins and bars typically increases.

According to Bloomberg, the new permits are expected to ease supply constraints that had affected shipments earlier this year, helping silver become more readily available in the domestic market.

Why Were Silver Imports Falling?

India imports almost all the silver it consumes, making domestic availability dependent on overseas supplies. Earlier this year, the government introduced stricter licensing requirements for silver imports as part of efforts to protect foreign exchange reserves and support the rupee.

Under the revised rules, importers must obtain permits, and shipments require documentation confirming the country of origin. The government also increased import duties on gold and silver, raising the cost of bringing the metals into India.

These measures contributed to a sharp decline in silver imports. Monthly shipments fell to a low of 37 tonnes in June before recovering to 328 tonnes in September, according to estimates cited in the report.

The latest permits are expected to help traders meet rising demand during the festive period without facing the same supply pressures.

What Does This Mean for Silver Prices?

Limited availability had pushed Indian silver prices above international benchmarks. However, the situation has started to improve as additional import permits have been granted.

The premium Indian buyers paid over the global benchmark fell to around 50 cents per ounce on October 22, compared with approximately $2 the previous week, according to the report.

Last year, India imported more than 7,000 tonnes of silver. This year, import volumes have been affected by tighter regulations and higher costs.

While the fresh permits could ease domestic supply pressures, they do not necessarily mean that silver prices will decline. International market movements, currency fluctuations, import duties and retail charges will continue to influence the final price consumers pay.

What Should Buyers Keep in Mind This Diwali?

For consumers planning to buy silver during Dhanteras or Diwali, improved availability could make it easier to find the metal in the market. However, the final purchase price will depend on more than just supply.

Buyers should compare prevailing rates, check the purity of silver and account for additional charges before making a purchase. Those buying jewellery should also consider making charges and resale conditions, while people purchasing coins or bars should check the premium over the market rate.

Silver can serve as a traditional purchase or an investment, but the two purposes involve different considerations. Anyone buying it as an investment should remember that silver prices can fluctuate and returns are not guaranteed.

With fresh import permits expected to support supplies ahead of Diwali, the market may see some relief from the tight conditions experienced earlier this year. However, whether consumers benefit from lower prices will depend on how domestic and international market conditions evolve.

Source: Mint

Every Diwali, many Indian families buy gold. For some, it is a small gold coin. For others, it is a new ring, a necklace or a piece of jewellery they have been planning to buy for months.

Dhanteras is considered an auspicious day to buy gold, and the tradition has been part of Indian households for generations. But with gold prices changing so much this year, one question is worth asking: Should you buy gold because it is Dhanteras, or because it makes sense for your money?

The answer depends on what you are buying, why you are buying it and how much you can comfortably spend.

Gold Prices Have Changed the Way People Shop

Gold prices have seen sharp ups and downs in 2026. After reaching record highs, prices have also fallen in recent weeks.

For buyers, this might seem like a good time to shop. But even after a price drop, gold can take a big bite out of a household’s budget.

This is also changing how people shop. Some are choosing lighter jewellery, while others are considering gold coins and bars instead.

But a lower price does not automatically mean gold is affordable for everyone. Even a small purchase can cost a significant amount.

The point is simple: just because gold prices have fallen does not mean you need to buy more.

Buying Gold and Investing in Gold Are Not the Same Thing

For many families, buying gold is part of celebrating Diwali. It could be jewellery for a wedding, a gift for a loved one or simply a way to keep a family tradition alive.

There is nothing wrong with that.

But buying jewellery and investing in gold are two different things.

When you buy jewellery, you pay for more than just the gold. The final bill also includes making charges, which cover the work that goes into creating the piece, along with applicable taxes.

And if you decide to sell the jewellery later, you may not get back the full amount you spent. Making charges, for example, may not be returned.

So, even if gold prices rise, your jewellery may not give you the same return.

If you are buying jewellery to wear, enjoy it. If you are buying gold to grow your money, compare your options first.

Should You Buy Gold Now or Wait?

This is a question many people ask before Dhanteras.

Gold prices can change for several reasons, including global events, interest rates and changes in the value of the rupee. This makes it difficult to predict whether prices will rise or fall in the coming weeks.

Trying to find the perfect time to buy can become stressful, especially if you need gold for a wedding or a family occasion.

If you already know you want to buy gold, start by deciding how much you can spend. You could also consider buying in smaller amounts over time instead of trying to predict the lowest price. This does not guarantee a better deal, but it can help you avoid depending on a single day’s price.

And if the purchase is not urgent, there is no need to rush just because Dhanteras is around the corner.

Gold Jewellery, Coins or Gold ETFs: What Should You Choose?

There is more than one way to buy gold. The right choice depends on what you want from it.

Gold jewellery: If you want something to wear or gift, jewellery makes sense. Just remember to check the making charges and the final bill.

Gold coins and bars: These let you own physical gold without paying for an elaborate jewellery design. However, there may still be additional purchase costs. You should also check how easy it will be to sell them later.

Gold ETFs: These allow you to invest in gold through the stock market without storing physical gold. You generally need a demat and trading account, and there are costs and market risks to consider.

None of these options is the best choice for everyone. If you want gold to wear, jewellery may be right for you. If you want to invest, compare the costs and risks before deciding.

And remember, gold prices can fall too. Do not put all your savings into gold or use money you may need for emergencies.

Before You Buy Gold This Dhanteras, Ask Yourself Three Questions

Before heading to the jewellery store, take a moment to ask yourself three simple questions.

1. Can I afford this without borrowing?

Decide your budget before you shop. Avoid using your emergency savings or taking on expensive debt just to follow a festive tradition.

2. Am I buying it to wear or to invest?

Both are valid reasons. Knowing why you are buying gold can help you choose the right option.

3. Have I checked the final price?

Check the gold rate, purity, making charges and applicable taxes. Ask about the jeweller’s exchange and buyback rules, too.

A few simple checks can help you avoid surprises later.

Celebrate the Festival. Keep Your Finances in Mind.

Dhanteras is a time to celebrate prosperity, and buying gold can be a meaningful part of that celebration.

But being financially secure is about more than what you bring home from a jewellery store. It is also about the savings you build, the debt you avoid and the goals you work towards.

You do not have to spend a large amount to celebrate the festival. And you do not have to buy gold just because everyone else is doing it.

This Dhanteras, buy gold if it makes sense for you. Just make sure your budget decides how much you spend, not the occasion.

The government has increased the tax on petrol exports while cutting the levy on diesel exports. But does this mean fuel prices at Indian petrol pumps will change? Here’s what you need to know.

The government has revised the windfall gains tax on petrol and diesel exports, with the new rates coming into effect on October 16, 2026. The tax on petrol exports has been increased to ₹2.50 per litre from ₹0.50 per litre, while the levy on diesel exports has been reduced to ₹8.50 per litre from ₹16 per litre.

However, there is one important detail for consumers: the latest changes apply to fuel exports and do not directly change the existing tax rates on petrol and diesel sold in India. This means you should not expect an automatic change in the price you pay at the pump just because these export taxes have been revised.

What Has Changed?

The revised tax structure makes two key changes:

• Petrol exports: The tax has increased from ₹0.50 to ₹2.50 per litre.
• Diesel exports: The tax has decreased from ₹16 to ₹8.50 per litre.
• Aviation turbine fuel (ATF): The existing export levy remains unchanged.

The revised rates were announced by the Central Board of Indirect Taxes and Customs (CBIC). The government reviews these taxes every fortnight, taking into account international crude oil and petroleum product prices.

What Is a Windfall Gains Tax?

A windfall gains tax is a levy imposed when businesses earn unusually high profits because of favourable market conditions.

In the oil industry, refiners can benefit when international fuel prices rise or when the difference between the price at which they sell fuel overseas and the cost of producing it becomes particularly attractive.

When exporting fuel becomes more profitable, companies may have a stronger incentive to sell to international markets. The government can use export duties to influence these decisions and balance the interests of exporters with domestic fuel availability.

In simple terms, the tax helps the government respond to changing global energy markets and the potential gains that fuel companies make from them.

Will Petrol and Diesel Prices Fall in India?

Not necessarily.

The latest revision concerns taxes on petrol and diesel exported from India. The government has not announced a corresponding change in the existing excise duty rates on petrol and diesel meant for domestic consumption.

Retail fuel prices are influenced by several factors, including international crude oil prices, currency movements, taxes, transportation costs and pricing decisions by oil marketing companies.

A reduction in the export tax on diesel, therefore, does not automatically translate into cheaper diesel at your local petrol pump. Similarly, a higher tax on petrol exports does not automatically mean petrol prices will rise.

For households, the more relevant question is whether domestic fuel prices change. Petrol and diesel costs can affect everyday expenses, from commuting and deliveries to the transportation of food and other essentials.

Why Should Consumers Pay Attention?

Even when a tax change does not directly affect the price of fuel sold domestically, it is worth understanding how government decisions interact with global oil markets.

India’s fuel market is closely connected to international energy prices. Changes in export duties can influence the economics of exporting fuel, while global crude oil movements can affect the wider energy sector.

For consumers, fuel prices matter because their impact can extend beyond filling up a vehicle. Higher transportation costs may put pressure on the prices of goods and services, while lower costs can ease some of that pressure.

That said, the effect is not immediate or guaranteed. Businesses may respond differently depending on their costs, market conditions and pricing decisions.

The Bottom Line

The latest revision raises the windfall gains tax on petrol exports to ₹2.50 per litre and reduces the tax on diesel exports to ₹8.50 per litre. The changes took effect on October 16, 2026.

For everyday consumers, the important distinction is that export tax changes are not the same as retail fuel price changes. If you are watching your monthly budget, keep an eye on actual petrol and diesel prices rather than assuming that a change in export duties will immediately affect your expenses.

Understanding the difference can help you separate a major policy headline from what it actually means for your wallet.