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India’s Silver Import
January 12 , 2026
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- India imported $6.4 billion of refined silver in 2024, making it the world’s largest consumer of finished silver.
- In FY25, India exported only $478.4 million of silver products while importing $4.83 billion.
- China dominates global silver processing, importing $5.6 billion of silver ores and concentrates and exporting high-value silver products.
- Silver is critical for industry and energy transition, used in electronics, solar panels, electric vehicles, medical devices, and batteries.
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