#gold-imports
Standstill in India gold imports drags on, threatens supply
Indian banks face an unprecedented five-week halt in gold and silver imports, causing domestic prices to surge and threatening shortages. Administrative hurdles and tax uncertainties have stalled shipments since April 1, impacting jewelers restocking after Ak…
Standstill in Indian Gold Imports Drags On and Threatens Supply
Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages in the world’s second-biggest bullion market.