Govt raises base import price of gold by $27/10 gm, silver by $148/kg
This story was originally published at 08:50 IST on 17 October 2025
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--Govt ups gold base import price to $1,327/10 gm from $1,300/10 gm
--Govt ups silver base import price to $1,663/kg from $1,515/kg
MUMBAI – The government has raised the base import price of gold by $27 to $1,327 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Wednesday. The base import price of gold was last revised on Oct. 9. The base import price of silver has been raised by $148 per kg to $1,663 per kg. The base import price of silver was last revised on Sept. 30.
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 firm safe-haven demand amid renewed tensions between China and the US, and expectations of more rate cuts by the US Federal Reserve have also supported prices. A weaker dollar and the continuation of the US government shutdown also supported prices of both precious metals. End
US$1 = INR 87.82
Reported by Shreya Shetty
Edited by Avishek Dutta
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