Brief by Shorts91 Newsdesk / 05:30pm on 16 May 2026,Saturday India
The Indian government has imposed new restrictions on silver imports, moving key categories of silver from the “free” to the “restricted” import list. The decision, issued through the Directorate General of Foreign Trade (DGFT), aims to reduce pressure on India’s foreign exchange reserves, control the rising import bill, and support the rupee amid global economic uncertainty. Silver bars with 99.9% purity and several semi-manufactured silver products will now require government approval before import. India, the world’s largest silver consumer, has witnessed a sharp surge in silver imports due to rising investment demand and increased industrial use in electronics and solar sectors. (PC: Reuters)
