Base Import Price
Govt cuts base import price of gold by $80/10 gm, silver by $276/kg
This story was originally published at 09:37 IST on 12 June 2026
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--Govt cuts gold base import price by $80/10 gm to $1,343/10 gm
--Govt cuts silver base import price by $276/kg to $2,092/kg
MUMBAI – The government has lowered the base import price of gold by $80 to $1,343 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs late Thursday. The base import price of silver has been cut by $276 to $2,092 per kilogram. The base import prices of both precious metals were last revised on May 30.
The government typically revises base import prices of the two precious metals every fortnight. These prices are used to calculate the duty on gold and silver that individuals bring into the country. India is one of the world's biggest importers of silver and the second-largest consumer of gold. End
US$1 = INR 95.21
Reported by Reshma Ravi
Edited by Saji George Titus
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