India's silver imports surged to an estimated USD 9.2 billion in 2025, marking a 44 per cent increase from the previous year despite a sharp rise in global prices.
India's merchandise trade deficit widened to an all-time high of $41.7 billion in October 2025, driven by a sharp increase in gold and silver imports and a renewed contraction in exports, according to the Reserve Bank of India's (RBI) State of the Economy report in the November 2025 Bulletin
The reduction in duty rates on mobile phones and gold-silver imports is expected to significantly boost India's exports, according to CBIC Chairman Sanjay Kumar Agarwal.
"India's silver imports from UAE stood at USD 2.2 million during Jan-April 2023. India's silver imports from UAE jumped gigantically to USD 1.44 billion--yes, billion which is equal to 1000 million. This is a 654x jump in one year. We knew of the chanda ghotala masquerading as electoral b
London [UK], April 21 (ANI/Sputnik): The United Kingdom is banning imports of silver, wood products and high-quality goods, including caviar, from Russia under sanctions imposed on the country over its military operation in Ukraine, the UK Department of International Trade said on Thursday.