India curbs silver bar imports, mandates licence after steep duty hike

Government tightens silver bullion inflows via authorisation regime, layered atop a sharp import duty increase. Aimed at trade deficit and rupee defence, the move squeezes sourcing for jewellery and silverware retailers — Tanishq, Kalyan, Malabar — that rely on imported bars, with margin pressure likely ahead of wedding-season demand.

Government tightens silver bullion inflows via authorisation regime, layered atop a sharp import duty increase. Aimed at trade deficit and rupee defence, the mo

BL · Consumer & Economy · 5/16/2026, 3:40:59 PM · Ask about this →

Government of India + Kalyan Jewellers + Malabar Gold + Tanishq + Titan +