
Indian silver import curbs create supply concerns, boosting ETF demand while prices adjust to new regulations and market dynamics.

India has raised effective import tariffs on gold and silver to 15% to curb bullion imports and support the rupee. The Finance Ministry also revised customs duty rates for gold, silver and platinum findings, while setting concessional rates for precious metal…

India has raised gold and silver import duty to 15% to curb imports, protect forex reserves, support the rupee and reduce trade deficit.
India has no plans to increase gold and silver import duties, according to a government source.