Key Takeaways:
- Indian banks halt new gold and silver imports from April 17, 2026.
- Tons of precious metals are stuck at customs due to a delayed government order.
- The halt could lead to a supply shortage and price premium in India.
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Indian Banks Halt Gold and Silver Imports Over 1 Government Order Delay
Indian banks stopped placing new import orders for gold and silver on April 17, 2026, after a government order authorizing bullion imports was not issued, leaving tons of precious metals stranded at customs.
"Tons of the metals are stuck at customs," a trade source said, highlighting the immediate impact of the administrative delay on physical deliveries into the world's second-largest gold consumer.
The halt affects new orders for both gold and silver from overseas suppliers. This disruption could create a significant supply shortage within India, potentially leading to a price premium on existing inventory. The delay stems from the non-issuance of a formal government order that authorizes banks to import bullion.
The prolonged halt threatens to disrupt the global precious metals supply chain, as India is a key importer. A sustained reduction in Indian demand could pressure international gold and silver prices, while creating significant volatility and uncertainty for the domestic market ahead of the peak wedding and festival season.
This article is for informational purposes only and does not constitute investment advice.
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