<div id="readability-page-1"><div>The Indian government is seeking to curb gold imports to ease pressure on foreign exchange reserves caused by rising oil prices. India has ordered tighter rules on duty-free gold imports, setting the import cap at 100 kilograms per license. Earlier this week, it also raised import tariffs on gold and silver from 6% to 15%.Spot gold continued to decline today (15), now down 0.81% to USD4,614.28 per ounce; Gold futures for June delivery fell 1.44% to USD4,617 per ounce. Hong Kong-listed gold mining stocks traded lower. ZIJIN MINING (02899.HK) -1.580 (-4.245%) Short selling $411.93M; Ratio 18.109% is currently quoted at HKD35.92, down 3.49%. ZHAOJIN MINING (01818.HK) -0.780 (-3.083%) Short selling $387.63M; Ratio 15.079% is quoted at HKD24.68, down 2.45%. SD GOLD (01787.HK) -1.180 (-4.140%) Short selling $31.95M; Ratio 6.068% is quoted at HKD27.42, down 3.79%. ZIJIN GOLD INTL (02259.HK) -6.000 (-3.750%) Short selling $107.53M; Ratio 15.577% is quoted at HKD153.6, down 4%. LINGBAO GOLD (03330.HK) -0.740 (-3.534%) Short selling $11.92M; Ratio 2.459% is quoted at HKD20.12, down 3.92%. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.)</div></div>

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India has imposed stricter rules on duty-free gold imports, limiting the quota to 100 kilograms per license to alleviate pressure on foreign exchange reserves amid rising oil prices. Import tariffs on gold and silver have increased from 6% to 15%. Spot gold prices fell by 0.81%, while ZIJIN MINING shares dropped over 3%. Other Hong Kong-listed gold mining stocks also experienced declines.

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India Restricts Duty-free Gold Import Quota; Spot Gold Extends Decline; ZIJIN MINING  Slumps Over 3%