Metals & Mining #silver#imports
India’s Silver Imports Plunge 87% in May After Government Curbs Bite
India's silver imports fell 87% year-on-year in May 2026 to $75.57 million and 33 metric tons, the lowest in over three years, as the government tightened import curbs on nearly all forms of silver. The restrictions, including a duty hike to 15%, aim to reduce pressure on foreign exchange reserves. Lower imports by the world's largest silver consumer could weigh on global prices and narrow India's trade deficit.
Jun 15, 2026 1 source