Big names like SBI, HDFC Bank, Deutsche Bank, and Indian Overseas Bank can now bring in both metals, while Union Bank of India and Sberbank are limited to just gold.
The move comes after new rules this month made metal imports "restricted," so importers outside Special Economic Zones and Export Oriented Units require a government license.
With gold imports rose to $72 billion in 2025-26, up 24% from 2024-25, and silver $12 billion, this update should help smooth things out for everyone involved.