Base Import Price
Govt cuts gold base import price to $1,652/10 gm, ups silver's to $2,820/kg
This story was originally published at 11:12 IST on 14 March 2026
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--Govt cuts gold base import price to $1,652/10 gm from $1,664/10 gm
--Govt raises silver base import price to $2,820/kg from $2,800/kg
MUMBAI – The government has cut the base import price of gold by $12 to $1,652 per 10 gram, according to a notification issued by the Central Board of Indirect Taxes and Customs on Friday. The base import price of silver has been raised by $20 to $2,820 per kilogram. The base import prices of gold and silver were last revised on Feb. 27.
The government generally revises base import prices of gold and silver every fortnight but makes changes more frequently when prices are volatile. Base import prices are used to calculate import duty on 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 92.46
Reported by Taniva Singha Roy
Edited by Avishek Dutta
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