Standstill in India's gold imports drags on, threatening supply

By Preeti Soni, Yihui Xie, and Vignesh Radhakrishnan Bloomberg News via The Times of India, Mumbai Wednesday, May 6, 2026 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. ... Dispatch continues below ... ... ADVERTISEMENT ... Fisher Precious Metals offers great prices with personal service from a family team Family-owned and operated Fisher Precious Metals is a great low-cost source for precious metals -- coins, rounds, and bars. But we also get you the highest prices available when you sell your precious metals.   Expect a personal approach with Fisher Precious Metals. You can always speak directly with the owners within 24 hours if not immediately. We provide you a team you can get to know and call at any time to discuss your investments with no pressure to buy. Check our Google reviews to see what our clients have to say: https://g.page/FisherPreciousMetals?share Contact us at 1-800-390-8576 or [email protected] or visit us here: https://fisherpreciousmetals.com/ Shipments have been stuck at customs since the start of the financial year on April 1, ensnared by administrative bottlenecks and a lack of clarity over taxes, traders with direct knowledge of the matter said. Lenders in India are no stranger to occasional hiccups in importing precious metals, but the current delays are risking a shortage in the local market. Jewelers are seeking to restock following the Akshaya Tritiya festival, an auspicious time to buy gold and silver. "The duration of the import halt is unusual," said Sunil Kashyap, managing director at trader FinMet Pte Ltd. "The situation is getting tighter," he added, as jewelers look to buy after the festival to take advantage of a drop in international prices. ... ... For the remainder of the report: https://economictimes.indiatimes.com/news/economy/foreign-trade/standstill-in-india-gold-imports-drags-on-threatens-supply/articleshow/130853289.cms * * * 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