Jun 19, 2025 11:05 PM IST The import restrictions are relevant on palladium, rhodium, and iridium alloys in any kind (unwrought or powder) consisting of greater than 1% gold NEW DELHI: India has restricted the import of some alloys that comprise greater than 1% gold by weight and sure colloidal valuable metals to control the import of gold within the garb of chemical compounds or every other kind, officers stated on Thursday. India’s gold imports jumped by over 27.3% from $45.54 billion in 2023-24 to $58 billion in 2024-25. (Photo: Unsplash) Industrial customers can, nonetheless, import such alloys in opposition to an import authorisation, an official added. The import restrictions are relevant on palladium, rhodium, and iridium alloys in any kind (unwrought or powder) consisting of greater than 1% gold. A separate order, additionally issued on Tuesday, restricted import of colloidal valuable metals, which refers to suspensions of gold and silver nanoparticles in a liquid. “The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued Notification No. 18/2025-26 dated 17th June 2025, to restrict import of alloys of Palladium, Rhodium, and Iridium containing more than 1% gold by weight,” the commerce ministry stated in an announcement on Thursday. This measure expands upon the present restriction on the import of platinum, thereby making certain uniformity within the import coverage governing valuable metals and their alloys, it stated. On March 5, the federal government shifted platinum alloy imports from the free class to the restricted class, aside from 99% pure platinum alloy. “At the same time, the policy facilitates trade by allowing free import of alloys containing less than 1% gold, thereby ensuring continued availability of inputs for industrial and manufacturing sectors, including electronics, auto components, and specialised chemical industries, without disruption,” the ministry stated. This calibrated method balances commerce facilitation with the necessity for regulatory oversight, it added. The restrictions have been imposed in opposition to the backdrop of rising gold imports. India’s gold imports jumped by over 27.3% from $45.54 billion in 2023-24 to $58 billion in 2024-25. In March 2025 alone, it noticed a pointy bounce of over 192% to $4.47 billion as in comparison with $1.53 billion in the identical month final yr. Strict monitoring and restrictions noticed a couple of 4% dip in gold imports through the first two months of the present monetary yr (April-May of FY26) to $5.65 billion as in opposition to $5.87 billion in April-May of FY25.
