India restricts silver bar imports, mandating govt authorisation after duty hike
New import restrictions on silver bars, layered atop a steep duty hike, will tighten bullion supply chains and pressure silver-heavy jewellery retailers including Tanishq, Kalyan, and Malabar. Sourcing costs and inventory planning face near-term disruption ahead of festive demand.
India has restricted silver bar imports, mandating government authorization following a steep duty hike. The move aims to curb trade deficit pressures but will impact silver-heavy jewellery retailers and bullion supply chains.
Why this matters
Second policy shock in days: import licensing layered atop the 15% gold duty hike compounds margin and sourcing strain on jewellery retailers entering the festive window.
Retail-brand signals steady at 287 over the last 90 days, signaling sustained policy and brand activity.
Also reported by
- The Hindu BusinessLine — Same time