Duty Revision
Govt raises base import price of gold by $14/10 gm, silver by $11/kg
This story was originally published at 10:52 IST on 30 August 2025
Register to read our real-time news.Informist, Saturday, Aug. 30, 2025
--Govt ups gold base import price to $1,097/10 gm from $1,083/10 gm
--Govt ups silver base import price to $1,257/kg vs $1,246/kg
MUMBAI – The government has raised the base import price of gold by $14 to $1,097 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Friday. The base import price of gold was last revised on Aug. 15.
The base import price of silver has been raised by $11 per kg to $1,257 per kg. The base import price of silver, too, was last revised on Aug. 15.
The government normally 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 one of the world's biggest importers of silver and the largest consumer of gold. End
US$1 = INR 88.19
Reported by J. Navya Sruthi
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
