Base Import Price
Govt raises base import price of silver by $325/kg, gold unchanged
This story was originally published at 21:02 IST on 30 December 2025
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--Govt ups silver base import price to $2,406/kg from $2,081/kg
NEW DELHI – The government has raised the base import price of silver by $325 per kilogram to $2,406 per kg, according to a notification issued by the Central Board of Indirect Taxes and Customs on Tuesday. Meanwhile, the base import price of gold remains unchanged at $1,398 per 10 grams. The base import prices of gold and silver were last revised on Dec. 15.
The government normally revises the 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 have risen over 158% on year due to firm investor and industrial demand, dwindling inventories, and expectations of another supply deficit next year. Gold futures have risen over 65% on year amid strong central bank buying, increased safe-haven demand, and global de-dollarisation trends. Expectations of further monetary policy easing in the US are also supporting prices of the non-interest yielding bullion. End
US$1 = INR 89.79
Reported by Afra Abubacker
Edited by Tanima Banerjee
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