India takes the shine off silver as imports plunge 82% in May after duty hike
- Posted on June 17, 2026
- By Business News Today
- 2 Views
- 1 min read
India takes the shine off silver as imports plunge 82% in May after duty hike
May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and require licenses for incoming shipments. This strategy was prompted by unprecedented levels of silver imports in the last fiscal year, reflecting a clear intent to regulate the market.
