Govt raises base import price of gold by $62/10 gm, silver by $358/kg
This story was originally published at 08:55 IST on 16 December 2025
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--Govt ups gold base import price to $1,398/10 gm from $1,336/10 gm
--Govt ups silver base import price to $2,081/kg from $1,723/kg
MUMBAI – The government has raised the base import price of gold by $62 to $1,398 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs on Monday. The base import price of silver has been raised by $358 per kilogram to $2,081 per kg. The base import prices of gold and silver were last revised on Nov. 28.
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.
Silver futures contracts have been surging due to a rise in demand, dwindling visible inventories, the metal's entry into the US critical minerals list, and expectations of another supply deficit this year. Prices of gold contracts have also been rising amid concerns over the US labour market and strong central bank buying, according to analysts. End
US$1 = INR 90.73
Reported by Shreya Shetty
Edited by Akul Nishant Akhoury
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