Govt cuts base import price of gold by $15/10 gm, silver by $35/kg
This story was originally published at 08:19 IST on 1 August 2025
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--Govt cuts silver base import price to $1,224/kg from $1,259/kg
--Govt cuts gold base import price to $1,063/gm from $1,078/gm
NEW DELHI – The government has cut the base import price of gold by $15 to $1,063 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Thursday. The base import price of gold was last revised on Jul. 15.
The base import price of silver has been reduced by $35 per kg to $1,224 per kg. The base import price of silver, too, was last revised on Jul. 15. Typically, the government revises base import prices of gold and silver 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 87.59
Reported by Pallavi Singhal
Edited by Avishek Dutta
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