India imposes new rules on silver imports after spending record $12 billion, Peter Spina notes

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03.06.2026

India imposes new rules on silver imports after spending record $12 billion, Peter Spina notes — India tightens silver import rules

Peter Spina, CEO at GoldSeek.com, reports that India has implemented stricter rules for silver imports, now requiring prior government approval.

According to Spina, the South Asian country spent a record $12 billion on silver imports in the financial year ended March 2026, compared to $4.8 billion a year earlier.

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Spina previously noted that silver fell below $83 per ounce support, following declines in gold and higher bond yields, raising crash concerns in the sector. In a separate update, he highlighted Idaho Strategic's record first quarter 2026 profit, with production averaging over 1,000 gold ounces per month. The series of reports covers a period of heightened activity and price movement in precious metals markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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