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Informist, Saturday, Feb. 14, 2026

 

--Govt raises gold base import price to $1,624/10 gm from $1,518/10 gm 

--Govt raises silver base import price to $2,707/kg from $2,657/kg 

 

MUMBAI – The government has raised the base import price of gold by $106 to $1,624 per 10 gm, according to a notification issued by the Central Board of Indirect Taxes and Customs late Friday. The base import price of silver has been raised by $50 to $2,707 per kg. The base import prices of both precious metals were last revised on Feb. 3.

 

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.

 

After a steep fall following a rally in prices last month, prices of gold and silver were back on the upward trajectory due to simmering geopolitical tensions, which supported safe-haven demand for the precious metals. US President Donald Trump has appeared to confirm that the US is looking to further shore up military assets in West Asia despite ongoing diplomacy to ease tensions with Iran, Al Jazeera reported.  End

 

US$1 = INR 90.64

 

Reported by Shreya Shetty

Edited by Ashish Shirke

 

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