Archive · 2 Jun 2025
India Tightens Gold, Silver, Platinum Import Regulations
India is making new rules about bringing in gold, silver, and platinum.
These rules are designed to stop any misuse of trade rules and keep things organized.
Only certain approved groups like banks, jewelers and specific agencies can now import these precious metals.
The goal is to make sure everything is labeled correctly and that importers follow the rules.
These changes affect how jewelers and investors buy these metals.
India has restricted the import of certain gold and silver products.
The new regulations align with the Finance Act 2025.
Imports of high-purity gold are now 'Restricted'.
Silver imports are also facing stricter controls.
Platinum imports have been revised with some forms now requiring authorization.
- Who
- The Directorate General of Foreign Trade (DGFT) and the Indian government.
- What
- Tightened import rules for gold, silver, and platinum.
- When
- Announced May 19, in line with the Finance Act 2025
- Where
- India
- Why
- To prevent misuse and standardize HS codes.
- Affected Items
- Gold, silver, and platinum
- Regulation Basis
- Finance Act 2025
- Allowed Importers
- Nominated agencies, qualified jewelers via IIBX, and entities with TRQs
- Trading Platform
- IIBX
- Nominating Authorities
- RBI and DGFT