Govt cuts base import price of gold by $42/10 gm, raises silver by $31/kg
This story was originally published at 13:34 IST on 1 May 2025
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MUMBAI – The government has cut the base import price of gold by $42 per 10 grams to $1,064 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Wednesday. The base import price of gold was last revised on Apr. 23.
The base import price of silver has been raised by $31 per kg to $1,076 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 84.49
Reported by J. Navya Sruthi
Edited by Vandana Hingorani
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