Gold Import Licence Delays Shake India’s Bullion Industry: Supply, Prices & Jobs at Risk
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...