Centre curbs silver imports, caps gold under Advance Authorisation at 100kg per applicant
DGFT tightens bullion inflows: silver imports restricted, gold imports under AA scheme capped at 100kg with mandatory inspections, 50% export obligation and fortnightly reporting. Squeezes sourcing for Tanishq, Kalyan, Malabar as FY26 gold imports hit $71.98bn across 721 tonnes.
Centre restricts silver imports and tightens gold import norms under Advance Authorisation scheme, capping gold at 100kg, mandating inspections and fortnightly reports. Move impacts gems and jewellery retailers like Tanishq, Kalyan, Malabar amid rising bullion inflows.
Why this matters
Follows India's hike of effective gold duty to 18.45% and prior 100kg AA licence cap, extending a tightening regime on bullion inflows that squeezes organised jewellers' sourcing economics.
Retail-company signals steady at 442 in last 90 days.