CoinWorld News reports that the Indian Ministry of Finance issued a notice late at night stating that starting from May 13, 2026, the basic tariff on gold and silver imports will be increased from 5% to 10%. Additionally, the agricultural infrastructure and development surcharge on gold and silver imports will be raised from 1% to 5%. At the time of this announcement, the Indian government is increasingly emphasizing the need to reduce non-essential imports and conserve foreign exchange outflows caused by high gold imports. A few days ago, Indian Prime Minister Modi called on citizens to avoid unnecessary gold purchases within a year and instead focus on productive investments and economic discipline.