Govt ups base import price of gold by $7/10 gm, silver by $7/kg
This story was originally published at 21:59 IST on 31 December 2025
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--Govt ups gold base import price to $1,405/10 gm from $1,398/10 gm
--Govt ups silver base import price to $2,413/kg from $2,406/kg
NEW DELHI – The government has raised the base import price of gold by $7 to $1,405 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs Wednesday. The base import price of silver has also been raised by $7 per kilogram to $2,413 per kg. The base import prices of silver was earlier revised Tuesday while that of gold was revised on Dec. 16.
The government normally revises base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world's biggest importers of silver and the largest consumer of gold.
Silver futures contracts have been surging owing to a rise in demand, dwindling visible inventories, the metal's entry into the US critical minerals list, and expectations of another supply deficit this year. Gold contracts have also been rising amid concerns over the US labour market and strong central bank buying, according to analysts. End
US$1 = INR 89.87
Reported by Pallavi Singhal
Edited by Rajeev Pai
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