GOVERNMENT ALLOWS 15 BANKS TO IMPORT GOLD & SILVER UNTIL MARCH 2029

The government has authorised 15 leading banks to bring in gold and silver over a three-year window ending March 2029. A government notification issued on Friday says that major lenders such as State Bank of India, HDFC Bank, and Bank of India, along with several others, have been granted permission to import the precious metals for the period spanning April 1, 2026 to March 31, 2029.

Banks had put a pause on fresh import orders for gold and silver from overseas suppliers. Large quantities of gold and silver are stranded at customs, as a formal government notification permitting bullion imports was yet to be issued.

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