Editor’s Note
This article reports on a government ban targeting the import of specific silver jewelry, primarily to prevent the circumvention of import regulations on silver from Thailand.
The government has issued a notification on Wednesday imposing a ban on the import of certain silver jewelry until March 31 of next year. The objective of this step is to curb the import of silver under the guise of jewelry from Thailand.
According to PTI, India has a free trade agreement with ASEAN (Association of Southeast Asian Nations). Thailand is a member of this group of 10 countries. The Directorate General of Foreign Trade (DGFT) said in a notification, “The import policy has been amended from free to restricted with immediate effect till March 31, 2026.” It is necessary to obtain a license from the government for imports coming under the restricted category.
Meanwhile, a record decline was seen in gold prices in Delhi’s bullion market today. According to the All India Sarafa Association, gold of 99.9 percent purity closed at Rs 1,18,000 per 10 grams (including all taxes) with a decline of Rs 900. In the last session, it had reached an all-time high of Rs 1,18,900 per 10 grams.
Due to profit-booking, silver prices also came down from their record high levels. Silver closed at Rs 1,39,000 per kg, down by Rs 600. In the international market too, gold and silver became cheaper.