Silver Lining
Govt cuts silver base import price to $2,421/kg; gold price unchanged
This story was originally published at 20:55 IST on 18 February 2026
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--Govt lowers silver base import price to $2,421/kg from $2,707/kg
NEW DELHI – The government has lowered the base import price of silver by $286 to $2,421 per kg, according to a notification issued by the Central Board of Indirect Taxes and Customs Wednesday. The base import price of gold has been kept unchanged at $1,624 per 10 gm. Base import prices of both the precious metals were last revised on Feb. 13.
The government generally revises base import prices of gold and silver every fortnight but makes more frequent changes 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 90.66
Reported by Afra Abubacker
Edited by Ashish Shirke
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