India Tightens Grip on Colloidal Precious Metal Imports

The Indian government has placed new import restrictions on colloidal precious metals to curb illegal gold imports in liquid form. This measure targets exploitation of import routes under chemical guise, impacting countries like Thailand. Industrial sectors will still receive necessary imports under authorization.

The Indian government has implemented stricter controls on the importation of certain colloidal precious metals, aiming to deter the illicit entry of liquid gold into the country.

Defined as suspensions of gold or silver nanoparticles in liquid, these metals have been subject to regulatory change, shifting import status from free to restricted, as per directives from the Directorate General of Foreign Trade.

This move, primarily targeting imports from nations such as Thailand, seeks to ensure legitimate industrial use without disrupting the domestic market, affecting sectors like electronics, auto components, and specialized chemicals.

(With inputs from agencies.)