Govt cuts silver base import price to $2,800/kg, ups gold's to $1,664/10 gm
This story was originally published at 13:49 IST on 2 March 2026
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--Govt cuts silver base import price to $2,800/kg from $2,817/kg
--Govt raises gold base import price to $1,664/10 gm from $1,624/10 gm
MUMBAI – The government has cut the base import price of silver by $17 to $2,800 per kg, according to a notification issued by the Central Board of Indirect Taxes and Customs on Friday. The base import price of gold has been raised by $40 to $1,664 per 10 gm. The base import price of silver was last revised on Feb. 24, while that of gold was revised on Feb. 13.
The government generally revises base import prices of gold and silver every fortnight but makes changes more frequently when prices are volatile. Base import prices are used to calculate import duty on 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. End
US$1 = INR 91.45
Reported by Taniva Singha Roy
Edited by Deepshikha Bhardwaj
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