Gold monetisation & duty rationalisation matters in the Union Budget 2026

The gems and jewellery sector is a key contributor to India’s economy, supporting around 5 million livelihoods and boosting exports. Following last year’s reduction in gold import duty, the industry expects policy continuity in the upcoming Budget, with possibilities for further calibrated cuts. 

Therefore, Gold monetisation and duty rationalisation measures can enhance macroeconomic stability, expand financial markets, and provide savers with better returns. These measures can enhance macroeconomic stability, expand financial markets, and give the savers better returns. A key objective is also to establish India as a global diamond trading hub, complementing its position as the world’s leading cutting and polishing centre