Govt raises base import price of gold by $18/10 gm, silver by $107/kg
This story was originally published at 09:18 IST on 16 September 2025
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--Govt ups gold base import price to $1,175/10 gm from $1,157/10 gm
--Govt ups silver base import price to $1,364/kg from $1,257/kg
MUMBAI – The government has raised the base import price of gold by $18 to $1,175 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 Sept. 10.
The base import price of silver has been raised by $107 per kg to $1,364 per kg. The base import price of silver 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 and silver futures prices have been surging due to rising expectations of a rate cut by the US Federal Reserve this week. Prices are also supported by higher safe-haven demand due to trade uncertainties and lingering geopolitical tensions. End
US$1 = INR 88.06
Reported by Shreya Shetty
Edited by Avishek Dutta
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