Govt cuts base import price of gold by $42/10 gm, silver by $107/kg
This story was originally published at 10:31 IST on 1 November 2025
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--Govt cuts gold base import price to $1,285/10 gm from $1,327/10 gm
--Govt cuts silver base import price to $1,556/kg vs $1,663/kg
MUMBAI – The government has cut the base import price of gold by $42 to $1,285 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Friday. The base import price of silver has been cut by $107 per kilogram to $1,556 per kg. The base import price of gold and silver was last revised on Oct. 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 88.77
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Tanima Banerjee
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