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India Tightens Rules on Gold and Silver Imports
India has introduced stricter controls on gold and silver imports as fuel prices rise and the rupee reaches a record low against the dollar. The measures follow increased energy costs linked to the Iran conflict.
May 18, 7:57 AM·1m read1 source
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India has introduced stricter controls on gold and silver imports as fuel prices rise and the rupee reaches a record low against the dollar. The measures follow increased energy costs linked to the Iran conflict.
The government has tightened rules on foreign outflows.
Gold and silver imports now face tougher curbs. Fuel prices have increased in recent days.
The changes come as the Iran conflict contributes to higher energy costs. Officials have not released additional details on the duration of the new measures.
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