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Informist, Tuesday, Sept. 30, 2025

--Govt ups gold base import price to $1,231/10 gm from $1,175/10 gm 

--Govt ups silver base import price to $1,515/kg from $1,364/kg

MUMBAI – The government has raised the base import price of gold by $56 to $1,231 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Tuesday. The base import price of gold was last revised on Sept. 15. The base import price of silver has been raised by $151 per kg to $1,515 per kg. The base import price of silver was last revised on Sept. 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.

Gold and silver futures prices have been surging due to rising expectations of additional interest rate cuts by the US Federal Reserve this year. Strong inflows into global exchange-traded funds have also boosted prices. This week, concerns around a potential US government shutdown raised the safe-haven appeal of the precious metals and supported prices.  End

US$1 = INR 88.79

Reported by Ashutosh Pati

Edited by Avishek Dutta

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