India belatedly lists banks authorized to import gold and silver

By Rajendra Jadhav and Shilpa ​Jamkhandikar Reuters Friday, April 17, 2026 https://www.reuters.com/world/india/india-allows-15-banks-import-gold-silver-until-march-2029-2026-04-17/ India today issued an order listing banks authorized ​to import gold and silver, providing relief ‌for banks that were forced to halt imports because the list's publication was delayed. Reuters reported earlier today that more than 5 metric tons ​of gold and around 8 metric tons ⁠of silver were stuck without customs clearance pending ​the order, which is typically issued at the ​start of each financial year. ... Dispatch continues below ... ... ADVERTISEMENT ... Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history. Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.  With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico. For more information, please visit: http://www.gsilver.com/ The Directorate General of Foreign Trade, part of the Ministry of Commerce and Industry, which ​issued the order, did not ​give any reason for the delay. Authorized by the Reserve ‌Bank ⁠of India, the order permits 15 banks, including the State Bank of India, HDFC Bank, and Bank of India, to import both gold and silver ​from April ​1, 2026, ⁠to March 31, 2029. It also allows Union Bank of India and ​SBER Bank to import only gold. None of ​the ⁠banks made any public comment. A Mumbai-based dealer with a private bank, speaking on condition of anonymity, ⁠said ​banks would now be able ​to clear consignments from customs. * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png