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 Gold Import Licences Stall: How Renewal Delays Are Squeezing India’s Bullion Industry India’s bullion market is facing growing uncertainty as delays in renewing gold import licences for dore refineries begin to impact the supply chain. Industry experts warn that if the situation continues, it could lead to higher costs, reduced supply, pressure on manufacturing, and job losses across the jewellery sector. Gold has always played a major role in India’s economy and culture. From jewellery demand to investment buying, the country remains one of the largest gold consumers in the world. However, behind the scenes, the import and refining system is now under stress due to regulatory slowdowns. What Is Happening? According to reports from the bullion sector, the government has not renewed the licences of several refineries whose import quotas for dore gold have been exhausted or whose licence period has expired. Dore gold is an unrefined form of gold that is imported and then processed i...

  DGFT's Notification No. 02/2026-27 changes the import landscape for precious metal jewellery with immediate and sweeping effect — no transitional grace period applies. 📅 1 April 2026 📄 DGFT Notification No. 02/2026-27 🌍 Ministry of Commerce & Industry 🕑 6 min read In a significant move that will reshape India's gems and jewellery trade, the Directorate General of Foreign Trade (DGFT) issued Notification No. 02/2026-27 on 1 April 2026, amending the import policy for articles of jewellery and parts thereof falling under Customs Tariff Heading (CTH) 7113 of ITC (HS) 2022, Schedule-I. The change is stark and immediate: several categories that were previously freely importable are now classified as "Restricted" — meaning an import licence is required before goods can enter India. ◆ ◆ ◆ Background: What Is CTH 7113? CTH 7113 covers articles of jewellery and parts thereof made of precious metals (gold, silver, platinum) or metal clad with precious metal. This is on...

 As of April 1, 2026 , a new revision in duty structure has come into effect, directly influencing the pricing of precious metals in the domestic market. This change is particularly significant for traders, jewellers, investors, and consumers tracking gold and silver rates closely. Updated Rates (Effective April 1, 2026) Based on the revised duty and the latest exchange rate, the updated indicative prices are: Gold: 8199.75 Silver: 12446.66 Exchange Rate: 94.25 These figures reflect the immediate impact of the revised duty calculations combined with the prevailing currency conversion rate. What Has Changed? The adjustment in import duty alters the cost structure of precious metals entering the country. Since India relies heavily on imports for gold and silver, even a minor tweak in duty can significantly affect domestic prices. The updated exchange rate of 94.25 has also played a crucial role. A higher exchange rate typically increases the landed cost of imports, thereby pushin...

 The Indian bullion market witnessed an extraordinary "blood bath" today as MCX Gold futures crashed by over ₹9,180, a staggering 6% decline, to trade at ₹1,43,844 per 10 grams. This vertical drop, as seen in real-time exchange data, follows a devastating technical breakdown below the critical ₹1,47,000 psychological support level. The sell-off was ignited by the US Federal Reserve's hawkish "higher-for-longer" interest rate stance, which sent US 10-year Treasury yields surging to 4.25%. The crash was further compounded by a massive spike in the US Dollar Index (DXY) to 100.50, effectively throttling global demand for dollar-denominated assets. In the physical market, Indian dealers reported discounts hitting a decade-high of $83/oz as retail buyers remained sidelined by extreme volatility. With COMEX Gold diving below $4,600/oz, this widespread long liquidation marks a significant shift in market sentiment. If current momentum persists, the next technical floor...

 Gold has always held a special place in India’s economy, culture, and household savings. From festive purchases during Akshaya Tritiya to wedding jewellery and long-term investment planning, gold remains one of the most trusted asset classes for Indian families. However, with rising global prices and increasing imports, the government and the Reserve Bank of India (RBI) are closely monitoring the situation to ensure economic stability. Rising Gold Prices and Global Trends According to Finance Minister Nirmala Sitharaman , the recent rise in gold prices is largely driven by heavy buying by central banks across the globe. As countries strengthen their reserves amidst geopolitical uncertainties and financial market volatility, gold has re-emerged as a preferred safe-haven asset. This global demand has had a direct impact on import-dependent countries like India. Since India does not produce enough gold domestically to meet demand, it relies heavily on imports to satisfy consumption n...

 In an era where collaboration and innovation define success, IIBS 11 stands as a powerful platform bringing together ideas, insights, and impactful conversations. Designed to foster meaningful engagement and forward-thinking discussions, this event reflects a strong commitment to excellence and continuous progress. As outlined in the official agenda IIBS Agenda the structure of IIBS 11 has been carefully curated to ensure a seamless flow of sessions, discussions, and interactive segments. Every element of the event is thoughtfully planned to maximize learning, participation, and value for attendees. A Platform for Thought Leadership IIBS 11 is more than just a scheduled event—it is a convergence of thought leaders, professionals, and visionaries. The agenda highlights key sessions focused on strategic growth, innovation, collaboration, and industry insights IIBS Agenda these sessions are designed to empower participants with actionable knowledge and fresh perspectives. The careful...