Gold Base Import Price: The government has reduced the base import price of gold and silver. The base import price for gold has been reduced by $42 per 10 grams and for silver by $107 per kilogram. Amidst the ongoing fluctuations in the prices of gold and silver in the global market, this step has been taken to promote its business in the country and keep the prices under control.

The base price is used to calculate the custom duty imposed on imports. The base import price is updated every 15 days. By reducing the base price, the government reduces the tax burden on importers, which can also help in stabilizing prices in the domestic market.

India is the second largest importer of gold

Due to lower base price, import of gold will become cheaper, the benefit of which can also be availed by customers somewhere. India is the second largest importer of gold in the world after China. At the same time, India’s name is at number one in the list of the largest importer of silver.

According to the report, India imports maximum gold from Switzerland. Its share in the total import of gold is about 40 percent. At the same time, UAE is at second place, whose share in gold imports is 16 percent and South Africa is at third place with about 10 percent. In the business year 2023-24, India imported gold from 48 countries. In 2024-25, gold imports increased by 27.3 percent year-on-year to reach $58 billion.

What is the price of gold and silver today?

Today, on the first of November, a fall in the prices of 24 carat, 22 carat and 18 carat gold was recorded in India. The price of 100 grams of gold fell by Rs 2,100 to Rs 2,800, while the price of 10 grams of gold fell by Rs 210 to Rs 280.

Today the price of 10 grams of gold decreased by Rs 280 to Rs 1,23,000 and the price of 100 grams of gold decreased by Rs 2,800 to Rs 12,30,000. Apart from this, the price of 8 grams of gold decreased by Rs 224 to Rs 98,400 and the price of 1 gram of gold decreased by Rs 28 to Rs 12,300. Unlike gold, silver prices rose on November 1. The price of silver increased by Rs 1,000 to Rs 1,52,000 per kg.

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Gold Prices Surge: As the festivals of Dhanteras and Diwali are approaching, gold prices are gaining momentum. The situation is that in just three days the price of gold has increased by Rs 6000. On Wednesday alone, the price increased by Rs 2,600 to reach its all-time high of Rs 1,26,600 per 10 grams. Overall, even before Diwali, gold has crossed Rs 1.25 lakh. Whereas experts had predicted gold to reach this range by Diwali.

Why is the price of gold increasing?

Amidst the geopolitical uncertainties created by first tariffs and now the prolonged shutdown in America, people are betting on gold as a safe investment, due to which prices have increased. According to the All India Bullion Association, gold with 99.9 percent purity closed at Rs 1,24,000 per 10 grams with an increase of Rs 700 on Tuesday (October 7), whereas a day earlier on Monday (October 6) it had increased by Rs 2,700.

Along with gold, silver also rose

In Delhi’s bullion market on Wednesday, the price of gold of 99.5 percent purity increased by Rs 2,600 to its all-time high of Rs 1,26,000 per 10 grams. Whereas on Tuesday it closed at the level of Rs 1,23,400 per 10 grams.

A tremendous rise in bullion prices was also seen in foreign markets. Spot gold rose by almost 2 percent to a record level of $ 4,049.59 an ounce. Along with gold, the price of silver is also increasing. On Wednesday, the price of silver increased by Rs 3,000 to its record high of Rs 1,57,000 per kg. On Tuesday, silver closed at the level of Rs 1,54,000 per kg.

Price of spot gold and silver also increased

Spot gold rose above the crucial level of $4,000 an ounce for the first time due to demand for safe investments amid concerns over government shutdown due to the US shutdown. Spot silver in global markets increased by more than 2 percent to reach a high of $ 48.99 an ounce. “Geo-political tensions in Ukraine, political instability in France and Japan and rising expectations of a Fed rate cut amid the ongoing data blackout also boosted the rally,” said Kainat Chainwala, AVP Commodity Research, Kotak Securities.

So many tons of gold will be sold in Diwali

Amidst the continuously rising prices of gold, experts have also predicted that there will be record breaking sales of gold in Diwali this year. According to India Bullion and Jewelers Association, there is a possibility of selling about 45 tonnes of gold between October 18 and 23. Amidst the continuously rising prices of gold, people have given up hope of the rate reducing.

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Gold pris today: In India, gold prices have declined on the occasion of Rakshabandhan today. The price of 24 carat gold in the country has been reduced by Rs 2700 per 100 grams. This decline has come down in gold prices after continuously for about six days. Recently, gold reached a record high level of Rs 1,03,310, breaking its previous record.

Buyers are expected to get relief from this reduction in the price of gold because today the festival of Rakshabandhan is being celebrated. Along with this, investors, concerned with the ever increasing prices of gold, will also get some relief. Last week, due to the implementation of the American tariff, there was a tremendous jump in the price of gold in the country. Prices were increased due to increasing purchases in the international market as a safe investment and weakening of the US dollar and the rise in gold futures.

How much gold price is in the country today

On Saturday, August 9, the price of 24 carat gold in India declined by Rs 270 per 10 grams to Rs 1,03,040. At the same time, the price of 22 carat gold has come down by Rs 250 to Rs 94,450 per 10 grams. The price of 18 carat gold has come down by Rs 210 to Rs 77,280 per 10 grams. In this sequence, the price of 100 grams of gold of 24 carats has now been Rs 10,30,400 and the price of 22 carat gold per 100 grams is now Rs 9,44,500.

Gold latest price in these big cities

• In Chennai today, the price of 24 carat gold is Rs 1,03,040 per 10 grams. At the same time, the price of 22 carat gold is Rs 94,450 per 10 grams.
• In Bengaluru today, the price of 22 carat gold is Rs 94,450 per 10 grams, while in Bangalore, 24 carat gold is Rs 1,03,040 per 10 grams.
• In Hyderabad too today, the price of 24 carat gold is Rs 1,03,040 per 10 grams. Here 22 carat gold is being sold today at Rs 94,450 per 10 grams.
• In Mumbai today, the price of 24 carat and 22 carat gold is Rs 1,03,040 and Rs 94,450 per 10 grams respectively.

How much is the price of silver?

There was no change in silver prices in the country. On Saturday, August 9, the price of 1 kg of silver in India is Rs 117,000. While the retail price of 100 grams of silver is Rs 11,700.

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Gold pris today: Gold prices in India increased once again on Sunday. Gold prices have been seen in the country for the last ten days. Gold prices have risen in many big cities like Chennai, Hyderabad, Bangalore, Mumbai, Delhi and Kolkata today. Both domestic and global reasons are responsible for this. Prices have increased by Rs 5,000 per 100 grams.

22 carat gold price

Today, the price of 22 carat gold in India is Rs 8,990 per gram, which is Rs 50 more than Rs 8,940. The price for 8 grams has increased from Rs 71,520 to Rs 400 to Rs 71,920. The price of 10 grams of gold has increased by Rs 500, now its price has increased to Rs 89,900, while the previous day it was Rs 89,400. The price of 100 grams of gold has increased by Rs 5,000 to Rs 8,99,000.

Price of 24 carat gold today

On Sunday, 25 May, the price of 24 carat gold in India has increased by Rs 550 per 10 grams to Rs 98,080 per 10 grams. The price of 8 grams is now Rs 78,464, which is Rs 440 more than the price of Rs 78,024 tomorrow. Similarly, the price of 100 grams of gold has increased from Rs 9,75,300 to Rs 9,80,800. During this time, the prices of 18 carat gold have also increased.

18 carat gold price

The price of 18 carat gold has increased today at a rate of Rs 410 per 10 grams, which is currently Rs 73,560 per 10 grams. The price of 1 gram of 18 carat gold is Rs 7,356 today, which is Rs 41 more than the price of Rs 7,315 yesterday. The price of 8 grams of gold is Rs 58,848, which is Rs 328 more than yesterday’s Rs 58,520. The price of 100 grams of gold today is Rs 7,35,600, which is Rs 4,100 more than Rs 7,31,500.

Gold price in these cities today

• In Bengaluru today, 24 carat gold is priced at Rs 9,808, 22 carat gold is priced at Rs 8,990 and 18 carat gold is priced at Rs 7,356 per gram.
• Gold prices in Hyderabad are similar to Bengaluru. Here today 24 carat gold is priced at Rs 9,808, 22 carat gold is priced at Rs 8,990 and 18 carat gold is priced at Rs 7,356.
• In Kerala today, 24 carat gold is priced at Rs 9,808, 22 carat gold is priced at Rs 8,990 and 18 carat gold is priced at Rs 7,356 per gram.
• In Mumbai, 24 carat gold is priced at Rs 9,808 per gram, 22 carat gold is priced at Rs 8,990 and 18 carat gold is priced at Rs 7,356.
• In the capital Delhi, the price of 24 carat gold is a little more than Rs 9,823, 22 carat gold is priced at Rs 9,005 and 18 carat gold is priced at Rs 7,368.
• In Kolkata too, the price of 24 carat gold is Rs 9,808 per gram, while the price of 22 carat gold is Rs 8,990 and 18 carat gold is Rs 7,356.

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