India cuts basic import price of gold and silver


New Delhi: The Indian government has announced that it will reduce the base import prices for gold and silver. After this government decision, it may be cheaper to buy gold and silver in India. In India, gold prices are charged at 7.5% import duty and 3% GST. This government-issued notification is effective as of today.

Let us inform you that today there has been a sharp drop in the prices of gold and silver. Gold fell to $ 1,755 an ounce in the last trading session on the international market. Previously, gold had approached this level on April 15.

After the fall of gold in the international market, the price of gold fell by Rs 264 in the Delhi bullion market. The price of gold in Delhi reached Rs 45,783 for 10 grams. At the same time, gold closed at 46,047 during the last trading session.

If you look at the India Bullion and Jewelers Association Limited, IBJA rate, the price of gold looks like this today. (These prices are indicated without GST per 10 grams)

999 (purity) – 46,753
995- 46 566
916- 42 826
750- 35,065
585- 27 351

City 22 carats / 10 grams (price in rupees) 24 carats / 10 grams (price in rupees)
Delhi 45,890 49 890
Bombay 45,730 47,730
Calcutta 46,090 48,790
Chennai 44,090 48,090

Looking at the gold prices in major cities across the country, the price of 22 karat gold in Delhi is Rs 45,890 and that of 24 karat gold is Rs 49,890. While in Mumbai, the price of 22 karat gold is Rs 45,730 and that of 24 karat gold is Rs 47,730.

In Calcutta, 22 karat gold is sold at Rs 46,090, while 24 karat gold costs Rs 48,790. In Chennai, the price of 22 karat is Rs 44,090, and 24 karat is maintained at Rs 48 090.

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