Govt cuts gold base import price to $1,526/10 gm, silver to $2,427/kg
This story was originally published at 11:34 IST on 6 April 2026
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--Govt cuts gold base import price to $1,526/10 gm from $1,652/10 gm
--Govt cuts silver base import price to $2,427/kg from $2,820/kg
MUMBAI – The government has cut the base import price of gold by $126 to $1,526 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Thursday. The base import price of silver has been cut by $393 to $2,427 per kilogram. The base import prices of gold and silver were last revised on Mar. 13.
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 92.82
Reported by Reshma Ravi
Edited by Akul Nishant Akhoury
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