Silver imports in India: New customs duty rates, jewelry restrictions, and passenger rules explained; what it means for prices, loans, and jewelry buyers - Silver import duty in India 2025: What has changed and why it matters

India reduced its silver import duty from 15 percent to 6 percent in 2025, making silver imports cheaper for buyers. However, restrictions on silver jewelry imports are still in place until March 2026, limiting the supply of such items. These changes affect prices, with lower duties helping reduce costs while controls on jewelry imports maintain some supply constraints. As a result, buyers and loan seekers should watch how these rules impact the market and financing options. Silver import duty in India 2025: What has changed and why it matters