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Informist, Friday, Jan. 23, 2026

--Govt ups gold base import price to $1,567/10 gm from $1,485/10 gm 

--Govt ups silver base import price to $2,950/kg from $2,724/kg 

MUMBAI – The government has raised the base import price of gold by $82 to $1,567 per 10 grams, according to a notification issued by the Central Board of Indirect Taxes and Customs late on Thursday. The base import price of silver has been raised by $226 per kilogram to $2,950 per kg. The base import prices of both precious metals were last revised on Jan. 13.

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.

Futures contracts of both precious metals have been rising due to the ongoing geopolitical tensions, particularly between the US and the European Union. Though US President Donald Trump has backed down from the threat of imposing tariffs on EU nations in his push to acquire Greenland, tensions between Trump and European leaders remain, with no clarity about future intentions from either side.  End

US$1 = INR 91.48

Reported by Shreya Shetty

Edited by Avishek Dutta

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