The government, through a notification issued on Tuesday, said silver imports by RBI-nominated agencies, DGFT-authorized entities and qualified jewelers importing through the India International Bullion Exchange (IIBX) will now require a valid import license from the DGFT. | Photo Credit: Reuters/VIVEK PRAKASH
Shares of listed jewelery makers and metal companies remained in focus for the last two trading sessions. after the government tightened silver import regulations by making Directorate General of Foreign Trade (DGFT) authorization mandatory for eligible importers.
Jewelery stocks saw mixed movement on Thursday after most of them dipped in the previous trading session. Shares of Titan Company rose 2 per cent to ₹4,178 on the NSE, while Kalyan Jewelers gained nearly 3 per cent to ₹362.55. Thangamayil Jewelery surged to a 52-week high of ₹5,219.70, about 9 per cent higher than its previous close of ₹4,795.
The government, through a notification issued on Tuesday, said silver imports by RBI-nominated agencies, DGFT-authorized entities and qualified jewelers importing through the India International Bullion Exchange (IIBX) will now require a valid import license from the DGFT.
The notification stated that imports of silver, including silver plated with gold or platinum, in unwrought, semi-manufactured or powder form, and containing 99.9 per cent or more silver by weight, will be permitted only against a valid import authorization.
Market participants are tracking the impact of the tighter norms on bullion availability, import flows and procurement costs for jewelers and industrial users of silver.
Among metal stocks, Hindalco Industries shares declined 1 per cent to ₹1,124.70, while Vedanta fell to ₹327.65 on the NSE. National Aluminum Company shares dropped 4.55 per cent to ₹417 from the previous close of ₹436.90. Hindustan Zinc traded flat at ₹610.
Other metal and mining companies, including SAIL, Jindal Steel, JSW Steel, NMDC and Lloyds Metals, remained in focus amid expectations that stricter import controls could influence domestic precious metals trade and related industrial activity.
Published on June 4, 2026