Archive · 25 Sep 2025
Silver Prices Soar, Imports Restricted Amid Demand Surge
Silver prices have risen sharply, up nearly 56% this year.
India is now restricting imports of plain silver jewelry to protect local businesses and employment.
Demand for silver is up due to industrial uses like solar panels and EVs, and supplies are tighter globally.
The government wants to stop unfair trade practices.
Experts predict prices may go higher, making silver an attractive investment.
Silver prices have surged nearly 56% in calendar year 2025.
India restricted imports of plain silver jewellery.
The DGFT announced the import restrictions.
Industrial demand, particularly from renewable energy and EVs, is a key driver.
The restrictions aim to curb misuse of FTAs and protect domestic manufacturers.
- Who
- Directorate General of Foreign Trade (DGFT)
- What
- Restricted imports of plain silver jewellery
- When
- September 24, 2025
- Where
- India
- Why
- To curb misuse of FTAs and protect domestic manufacturers
Importers
Domestic Manufacturers
Market Access
Importers
May face limitations due to restricted access to imports.
Domestic Manufacturers
Will have a better chance to compete fairly.
- Price Increase (CY25)
- Nearly 56%
- Silver Price (Domestic)
- Rs 135,267/kg
- Import Restriction Date
- September 24, 2025
- Restriction Type
- Import Restrictions on plain silver jewelry
- Reason for Restriction
- Curb misuse of FTAs, protect domestic manufacturers and employment
- Main Source of Imports
- Thailand
- Global Industrial Demand (2024)
- 680.5 million ounces
Sources
Govt restricts silver jewellery imports till March 2026 to curb FTA misuse
Govt restricts imports of certain silver jewellery to curb “misuse” of FTAs
Government Imposes Import Restrictions On Plain Silver Jewellery Till March 31 Next Year
Silver Jewellery Imports Restricted: Centre Moves to Curb FTA Misuse, Protect Local Jobs
India restricts plain silver jewellery imports to protect local manufacturers
Govt restricts plain silver jewellery imports till March 2026, here's why
