India’s silver imports fell 87% in May to a 3-year low after curbs and duty hikes, hitting volumes and potentially impacting global silver prices.
The fall in imports could impact global silver prices, as India meets over 80% of its demand through imports.
| Photo Credit:
Edgar Su
India's silver imports plunged
87% in May from a year earlier to their lowest level in more
India's silver imports plunge to over three-year low in May, curbs and higher duties hit inflows
India takes the shine off silver as imports plunge 82% in May after duty hike
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India's silver imports slumped to their lowest level in more than three years in May after the government tightened restrictions…
May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import…
During May, India's gold imports skyrocketed by 34 percent, hitting USD 3.41 billion, as soaring gold prices fueled demand. In…
India's silver import restrictions have caused significant shortages in the domestic market. Premiums have surged to their…
India's curbs on silver imports have triggered supply shortages in the country's domestic market, driving premiums to their…
India moves silver imports to restricted status, requiring government licenses and raising duties above 18% after a 150% surge in…
