Fortnightly Revision
Govt raises base import price of gold by $74/10 gm, keeps silver unchanged
This story was originally published at 09:28 IST on 24 April 2025
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NEW DELHI – The government has raised the base import price of gold by $74 per 10 grams to $1,106 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Wednesday. The yellow metal has recently scaled record highs because of uncertainty surrounding US President Donald Trump's tariff plans.
The base import price of silver is unchanged at $1,045 per kg. The base import prices of silver were last revised on Apr. 15. The government revises base import prices of gold and silver typically 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 85.58
Reported by Afra Abubacker
Edited by Tanima Banerjee
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