New Gold Rules - Big Changes for Buyers & Sellers!
Written By: Mobin
India tightens gold, silver & platinum import rules. DGFT’s new policy restricts high-purity metal imports to authorized channels only, effective May 19, 2025.
Overview
99.5%+ pure gold now "Restricted." Only RBI/DGFT-approved agencies & IFSCA jewellers via India International Bullion Exchange (IIBX) can import.
Gold
99.9%+ silver bars now need RBI/DGFT approval. Semi-manufactured silver remains "Free" but follows RBI rules. Traceability improved with updated HS codes.
Silver
99%+ pure platinum stays "Free," but other forms require authorization. New HS codes aim to prevent misuse and standardize imports.
Platinum
Only RBI-notified banks, DGFT agencies, or IFSCA-qualified jewellers via IIBX. TRQ holders under India-UAE CEPA must use SEZ vaults.
Who Can Import?
Jewellers lose direct import access. Investors must rely on authorized channels. Prices may fluctuate due to limited supply routes.
Impact
Stricter rules aim to curb misuse. Always verify HS codes and work with authorized importers to avoid legal issues.