Govt raises base import price of gold by $60 to $1,157/10 gm
This story was originally published at 09:27 IST on 10 September 2025
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--Govt ups gold base import price to $1,157/10 gm from $1,097/10 gm
NEW DELHI – The government has raised the base import price of gold by $60 to $1,157 per 10 grams, 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 Aug. 29.
Meanwhile, the government has kept the base import price of silver unchanged at $1,257 per kg. The base import price of silver, too, was last revised on Aug. 29.
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.
Gold futures prices have been surging due to rising expectations of multiple interest rate cuts by the US Federal Reserve this year. Prices are also supported by a rise in safe-haven demand due to trade uncertainties, concerns about the US Federal reserve's independence, and lingering geopolitical tensions. End
US$1 = INR 88.12
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Afra Abubacker
Edited by Avishek Dutta
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