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Silver Import Price Hiked, Gold Reduced: Impact on Market
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CNBC Awaaz
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14-03-2026, 16:36
Silver Import Price Hiked, Gold Reduced: Impact on Market
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Government increased silver's base import price by $20/kg to $2,820/kg, impacting import duty calculations.
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This hike may raise costs for importers and potentially domestic silver prices, though the impact is expected to be limited.
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Central Board of Indirect Taxes and Customs also reduced gold's base import price from $1664 to $1652 per 10 grams.
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Revisions align with international precious metal prices and update the tax system due to global market fluctuations.
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India, a major importer, sees these changes influence its significant gold and silver import bill.
Read Full Article on CNBC TV18 in Hindi
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