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Silver imports now require prior authorisation as India tightens import rules

India's recent crackdown on silver imports marks a bold economic strategy. Now, traders must secure prior authorization for all grain and powder silver forms, a move aimed at stabilizing the rupee and curbing excessive shipments. Following last months restrictions on silver bars and semi-manufactured items, the government has upped import duties on gold and silver to 15%.

2 Jun 2026 7:52 pm