India has extended gold import authorisations from the United Arab Emirates until June 30, providing continued access for licensed importers and ensuring smoother trade flows between the two countries.
The extension comes as part of ongoing measures to regulate and streamline gold imports under the framework of bilateral trade arrangements. The UAE is one of India’s key sources of gold, and the arrangement supports jewellers, bullion traders, and related industries that rely on steady imports to meet domestic demand.
Industry participants said the extension will help maintain supply continuity ahead of seasonal demand and festival-related buying, while also offering stability to the supply chain. It is expected to benefit stakeholders in the gems and jewellery sector, which is a significant contributor to India’s export earnings.
India’s gold imports are closely monitored due to their impact on the current account deficit and foreign exchange reserves. Periodic authorisations and policy adjustments are used to balance domestic demand with macroeconomic considerations.
Traders noted that the extension reduces short-term uncertainty for importers operating under existing licences, allowing them to plan shipments more efficiently. It also supports ongoing trade under the Comprehensive Economic Partnership framework between India and the UAE.
Overall, the move is seen as a continuation of India’s calibrated approach to managing precious metal imports while facilitating legitimate trade and ensuring adequate supply for domestic markets.