Govt raises base import price of gold by $48/10 gm, silver by $62/kg
This story was originally published at 14:13 IST on 16 April 2025
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MUMBAI – The government has raised the base import price of gold by $48 per 10 grams to $1,032 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Tuesday. The yellow metal has scaled record highs because of uncertainty surrounding US President Donald Trump's tariff plans.
The base import price of silver was increased by $62 per kg to $1,045 per kg. The base import prices of silver were last revised on Apr. 8, when the levy was lowered by $119 per kg.
The government revises base import prices of gold and silver every fortnight and these are used to calculate the duty on gold and silver that individuals bring into the country. India is the world's biggest importer of silver and the second-biggest importer and consumer of gold. End
US$1 = INR 85.66
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sandeep Sinha
Edited by Tanima Banerjee
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