Fortnightly Revision
Govt cuts gold base import price by $34/10 gm, silver by $63/kg
This story was originally published at 10:37 IST on 1 October 2026
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--Govt cuts gold base import price by $34/10 gm to $1,339/10 gm
--Govt cuts gold base import price by $63/kg to $1,965/kg
NEW DELHI – The government has reduced the base import price of gold by $34 to $1,339 per 10 grams, and silver by $63 to $1,965 per kg, according to a notification from the Central Board of Indirect Taxes and Customs Wednesday. The revised rates came into effect Thursday.
The customs department had previously revised the base import price for both precious metals on Sept. 15. Typically, the government revises base import prices of gold and silver every fortnight. It makes more frequent changes when prices are volatile. India is one of the world's largest importers of silver and gold. End
US$1 = INR 95.97
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Afra Abubacker
Edited by Shubhayan Bhattacharya
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