Sberbank’s Golden License: Will Fresh Import Approval Tilt India’s Bullion Market?

According to a government notification, Sberbank has been formally recognised as an authorised institution for importing gold into India during the period from 25 June 2025 to 31 March 2026. This status allows the bank to participate in bullion imports under prevailing customs, foreign‑exchange and trade rules, alongside other designated banks and agencies.

The inclusion of Sberbank may increase competition in the bullion import market, giving refiners, jewellers and large traders an additional counterparty for sourcing gold. The actual impact on flows and pricing will, however, depend on global market conditions, domestic demand, regulatory checks and India’s evolving stance on geopolitical and sanctions‑related considerations.

Key highlights

Sberbank added to India’s roster of authorised gold‑importing banks.

Validity period: 25 June 2025 to 31 March 2026 as per the government notice.

Aims to widen sourcing options and deepen participation in the bullion import chain.

Effect on prices and volumes will hinge on demand trends and regulatory/sanctions framework.

Source: Government of India