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India silver import curbs create shortages, push premiums to six-month high
By Rajendra Jadhav
Reuters
Wednesday, July 8, 2026
MUMBAI -- India's restrictions on silver imports have created shortages in the world's biggest market for the precious metal, pushing premiums to their highest levels in six months despite weaker-than-usual demand.
Lower imports by India, which meets more than 80% of its silver demand through overseas purchases, could weigh on global prices, while helping narrow the country's trade deficit and ease pressure on its rupee currency.
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"Silver imports have nearly come to a halt, creating a shortage in the Indian market," said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading silver importer. "As a result, silver is trading at a significant premium to global prices." ...
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