India Slaps Import Curbs On Silver, Days After Precious Metals Duty Hike

Back-to-back regulatory moves squeeze sourcing for jewellery retailers including Tanishq, Kalyan Jewellers and Malabar Gold. Expect near-term margin pressure and price resets across gold and silver retail chains as inventory costs rise and import workflows tighten.

India imposed silver import curbs days after a 15% precious metals duty hike, squeezing Tanishq, Kalyan and Malabar sourcing and margins.

NDTV Profit · 5/16/2026, 3:48:08 PM · Ask about this →

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