India's decision to restrict silver imports could make silver investments more expensive for domestic buyers in the coming months, even if global prices remain relatively stable.
The government on Saturday placed imports of silver bars with 99.9% purity and several semi-manufactured silver products under the "restricted" category with immediate effect. The move comes days after India raised import duties on gold and silver to 15% from 6% as authorities attempt to curb imports and reduce pressure on foreign exchange reserves.
