India Tightens Gold Import Rules, Caps Imports at 100 Kg per License

The new limit applies to gold imports under a single license, signaling a stricter trade framework in India, a major global gold market.

Summary

India has tightened its gold import rules by capping imports at 100 kilograms per license. The change affects how gold can be brought into the country under a single import authorization and is likely aimed at strengthening oversight of precious-metal trade.

Terms & Concepts
  • Gold import license: A government authorization that allows a trader or company to bring gold into a country.
  • Import cap: A limit set by authorities on the quantity that can be imported under a specific rule or permit.