Can there be relief in gold and silver prices after Budget 2026? According to Bullion Market, the government can cut Excise and Import Duty on gold and silver. The Jewelry Industry is demanding that Gold import duty be reduced from 5% to 3%, as last year due to rising prices, Gold import declined by 25–26% and Jewelry demand fell by 35–40%. Experts believe that the duty cut will not cause any loss to the government, but the increase in demand will provide relief to the industry. Budget 2026 will also focus on Gold export norms, Gold Monetization Scheme and policy reforms. Gold imports declined by about 5% in quantity in FY24–FY25, but the value increased by more than 25% due to higher prices. Now the question is – will Budget 2026 be able to cool down bullion prices?