{"id":86258,"date":"2026-05-13T10:45:49","date_gmt":"2026-05-13T05:15:49","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=86258"},"modified":"2026-05-13T10:45:51","modified_gmt":"2026-05-13T05:15:51","slug":"metal-stocks-jump-hindustan-zinc-vedanta-nalco-import-duty-gold-silver-may-13-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/metal-stocks-jump-hindustan-zinc-vedanta-nalco-import-duty-gold-silver-may-13-2026\/","title":{"rendered":"Metal Stocks Jump After India Hikes Import Duty on Gold, Silver and Other Metals: Hindustan Zinc Up 5.4%, Vedanta Up 3%, NALCO Gains on 13 May 2026"},"content":{"rendered":"

Metal stocks<\/strong> across the NSE and BSE surged sharply on 13 May 2026 after the Finance Ministry, through a notification effective immediately, hiked the social welfare surcharge (SWS) and the agriculture infrastructure and development cess (AIDC) on gold and silver, raising the total customs duty on precious metals to 15 percent from the earlier 6 percent. The Nifty Metal index jumped over 1 percent, outperforming the broader Nifty 50 sharply as the index approached within 2 percent of its 52-week high of 13,256.20.<\/p>

The duty hike follows Prime Minister Narendra Modi’s appeal, made just two to three days ago, urging citizens to voluntarily avoid gold purchases for a year and reduce precious metal consumption to protect India’s foreign exchange reserves amid the West Asia conflict. The Finance Ministry’s action converts that voluntary appeal into a structural policy measure that directly raises the price of imported gold and silver, creating immediate earnings tailwinds for India’s domestic producers of these metals.<\/p>

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