National News
Silver Inventories Swell As Fresh Investment Demand Remains Subdued
The Precious Metal Has Fallen More Than 40% From Its January Peak Of Over ₹4 Lakh Per Kg, Eroding Investor Confidence and Prompting Buyers To Stay On The Sidelines
Silver’s sharp correction is beginning to weigh heavily on the physical market, with refiners and bullion dealers grappling with swelling inventories as fresh investment demand remains subdued.
The precious metal has fallen more than 40% from its January peak of over Rs 4 lakh per kg, eroding investor confidence and prompting buyers to stay on the sidelines. At around Rs 2.35 lakh per kg in Mumbai’s spot market on Tuesday, silver is struggling to regain investor traction amid uncertainty over US-Iran developments and concerns over a slowdown in industrial consumption.
The steep decline has also left investors who entered at higher levels nursing significant losses, further dampening near-term buying sentiment. While physical demand remains cautious, the market continues to face pressure from expectations of softer industrial consumption.
However, the correction is not deterring everyone. Long-term investors are beginning to view lower silver prices as an opportunity to diversify portfolios, potentially providing some support to the market if investment interest gradually returns.
National News
GTRI Flags Gold Import Surge Driven By UAE Tariff Concessions
GTRI Said The Figures Showed That The UAE Was Not Merely Another Supplier But Had Emerged As A Principal Driver Of India’s Rising Gold-Import Bill.
A sharp spike in India’s gold bar imports during the first quarter of the 2026-27 financial year has sparked serious economic concerns.
According to a warning report issued by the Global Trade Research Initiative (GTRI), the surging influx—largely driven by massive shipments from the United Arab Emirates (UAE)—threatens India’s current account deficit and directly undermines Prime Minister Narendra Modi’s recent appeal urging citizens to curb unnecessary gold purchases.
GTRI Founder Ajay Srivastava said the figures showed that the UAE was not merely another supplier but had emerged as a principal driver of India’s rising gold-import bill.
India’s total gold imports surged by 47.1% to reach $11.01 billion in the April–June 2026 quarter, up from $7.49 billion recorded during the same period in 2025.
The primary catalyst behind this dramatic increase is the UAE, which saw its gold exports to India more than double over the three-month period.
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