Banking #gold#gold loans
More Measures on Gold Coming? Finance Ministry Asks Banks for Data on Metal Loans
India's Finance Ministry has directed bullion-importing banks to submit detailed information on gold metal loans (GMLs) and gold-backed loans from 2023 onwards, signaling potential new measures to curb gold imports. Despite lower import volumes, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The move follows an increase in import duty on gold to 15% and restrictions on silver imports.
Jun 14, 2026 1 source