Precious Metal Pressure: Two Reasons Why India Is Moving To Tighten Silver Bar Imports
Last Updated:May 16, 2026, 11:13 PM IST The Ministry of Finance has already doubled the effective import tax on gold and silver to 15 per cent By placing tight licensing restrictions on silver bars—which the government classifies as a non-essential luxury item—policymakers aim to reduce the systemic outflow of US dollars. Representational image The Indian…