According to the GJEPC half-yearly report for FY26, India imported $ 1,134 million worth of finished jewellery—including gold, silver, platinum and other categories—during April–September 2025, compared with $1,536 million in the same period of FY25.
This reflects a 26.16% decline year-on-year
Total gross imports, including raw materials and finished goods, stood at $10,590 million in first half of FY26, up 6.74% from $ 9,921.02 million in first half of FY25.
Within raw materials, gold bar imports rose sharply—up 87.76% year-on-year to $ 2,492.53 million—while silver bar imports more than doubled to $ 83.66 million. Imports of finished gold jewellery declined 51.60% to $ 358.31 million, and finished silver jewellery imports increased to $ 85.66 million in first half of FY26
The import restrictions will remain in effect until the end of April 2026.