India’s gold duty hike widens UAE price gap as GCC jewellers brace for demand surge Last updated: May 14, 2026 | 04:04 A time to buy or just to window shop? Gulf News Dubai: India’s decision to raise import duties on gold and silver to 15% from 6% is reshaping buying patterns across the Gulf, with UAE jewellers expecting stronger demand from Indian residents, tourists, and investors. For UAE residents, the change could translate into significantly lower prices compared with India, especially during the upcoming summer travel and wedding season. Get updated faster and for FREE: Download the  Gulf News  app now - simply  click here . Duty-free limits According to Shamlal Ahamed, MD of International Operations, Malabar Gold & Diamonds, in the GCC could now be roughly 12% cheaper than in India because of the widened duty gap.…