By Sheetal Kumari | March 3, 2025

Moneycontrol PF Team| September 4, 2025

GST 2.0: Gold & Silver jewellery tax rate, making charges and bullion prices

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GST Council simplifies slabs from 4 rates to 5% and 18%, effective Sept 22, 2025.

GST 2.0 Announced

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High-end cars, tobacco and cigarettes to attract a new 40% GST rate.

Special 40% Slab

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Daily essentials to shift to lower brackets, turning cheaper under GST 2.0.

Household Items Relief

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GST on gold jewellery remains unchanged at 3%.

Gold Jewellery GST

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An additional 5% GST will continue on jewellery making charges.

Making Charges Impact

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GST on gold coins and bars also stays unchanged at 3%.

Gold Coins & Bars

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Silver jewellery attracts 3% GST plus 5% on making charges.

Silver Jewellery Tax

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MCX Gold October futures down 0.9% at ₹1,06,207 per 10g after GST announcement.

Bullion Market Reaction

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MCX Silver December contracts slip 1.04% to ₹1,24,563 per kg.

Silver Futures Fall

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Next: Gold Rates Today (Sept 4): Check 22K & 24K rates in major Indian cities
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