Govt cuts base import price of gold by $13/10 gm, silver by $25/kg
This story was originally published at 08:47 IST on 1 July 2025
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--Govt cuts silver base import price to $1,164/kg from $1,189/kg
--Govt cuts gold base import price to $1,054/10 gm from $1,067/10 gm
MUMBAI – The government has reduced the base import price of gold by $13 per 10 gram to $1,054, according to a notification issued by the Central Board of Indirect Taxes and Customs on Monday. The base import price of gold was last revised on May 30.
The base import price of silver has been cut by $25 per kg to $1,164 per kg. The base import price of silver was last revised on Jun. 11. The government revises base import prices of gold and silver typically every fortnight, and these are used to calculate the duty on these precious metals 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 85.75
Reported by J. Navya Sruthi
Edited by Vandana Hingorani
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