Gold Price: Will GST reduction impact gold and silver rates? Learn here about its effectThese changes came into effect on September 22nd, the first day of Navratri. No impact on gold prices after GST reductionNew Delhi: Massive changes were made to the tax system at the 56th meeting of the GST Council. These changes came into effect on September 22nd, the first day of Navratri. No Impact on Gold and Silver PricesIt should be noted that the GST on gold and silver remains at 3%.