Silver import licensing, duty hikes lift jewellers' input costs as MCX gold dips 0.47%
India tightened silver import rules to a licence regime atop recent precious-metals duty hikes, even as MCX gold slipped 0.47% to Rs 1,57,413/10g and silver eased 1.1% to Rs 2,68,903/kg. Jewellery retailers face costlier, slower sourcing despite softer screen prices.
What happened
Gold and silver opened lower on MCX as the Indian government tightened silver import rules, requiring licences, on top of recent precious-metals duty hikes. A
Key facts
- Rs 1,57,413 per 10 grams
- Rs 2,68,903 per kg
- 0.47%
- 1.1%
Why this matters
Scout vertical integration or long-term sourcing tie-ups with licensed silver importers and refiners to hedge against regulatory bottlenecks competitors can't easily replicate.