GST Council to Maintain 3% Tax on Gold and Silver
The GST Council has decided that gold and silver will remain subject to 3% GST, a relief for jewellers and investors. There were many expectations of a tax hike, but they decided to stick with the current rates.
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✅ Takeaways
• Gold Jewelry & Coins → 3% GST
• Silver Articles & Coins → 3% GST
• No New Cess → This means buyers won’t have higher buyer’s cost for precious metals
This is a welcomed decision as the price of gold and silver continues to rise globally. Mostly, this allows certainty for the jewellery market and investors.
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📊 Reaction from Industry
• Jewellers’ association: Very welcome because it keeps demand steady.
• Investors: Good to see no new tax burden at a very high cost on bullion.
• Analysts: No change will boost sales for the festival & wedding seasons.
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💰 Present Market Impact
• Price of gold over ₹[insert latest rate]/10 g.
• Silver Trading at ₹[insert latest rate]/kg.
• With GST remaining stable, price fluctuations can only be due to global markets and not taxation changes.
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❓FAQs on GST on Gold and Silver 2025
Q1: What is the GST rate on gold for 2025?
A1: The GST rate on gold will be 3%.
Q2: Will the GST Council impose higher tax on silver?
A2: No. Silver GST is continuing at 3%.