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Silver Import Curbs Temporary, No Gold Quota Considered: Govt Sources
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CNBC TV18•29-09-2026, 12:46
Silver Import Curbs Temporary, No Gold Quota Considered: Govt Sources
- •Government sources state that restrictions on silver imports are a temporary measure.
- •There is currently no consideration of imposing an import quota on gold.
- •The government is also addressing a 9% duty arbitrage in the precious metals market.
- •India tightened silver import rules earlier this year, requiring prior authorization for certain silver products.
- •The 9% duty arbitrage resulted from the increase in import duty on gold and silver from 6% to 15% starting May 13.
Key Questions Answered
No, government sources stated that the restrictions on silver imports are a temporary measure.
Government sources have clarified that there is currently no consideration of imposing an import quota on gold.
The 9% duty arbitrage was created by the rise in import duty on gold and silver from 6% to 15% starting May 13.
