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The Economic Times

Global Business / The Economic Times

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Standstill in India gold imports drags on, threatens supply

Indian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. Administrative hurdles and tax uncertainties have stalled shipments since April 1, impacting jewelers restocking after Akshaya Tritiya. While the India International Bullion Exchange offers an alternative, it's slower and capital-intensive.

6 May 2026 4:28 pm