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Representative image: Silver bars at a port inspection point highlight India’s decision to restrict 99.9% purity silver bar imports, requiring permits under the revised DGFT import policy for precious metals.

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What India’s new silver bar import restriction means for bullion and jewellery trade

India wants bullion oversight without choking supply. Silver bar import permits now test how far trade control can go without market disruption.

byPallavi Madhiraju

May 16, 2026

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