Gold Prices Expected to Fall More: Modi Government Cuts Import Price
Festive times come, and consumers face shifts. Gold prices in India drop slowly. The Modi government acts today, and its move hints that gold may cost less soon. Here are the key points.
Government Cuts Gold Import Base Price to Keep the Market Steady
The government cuts the base price for gold and silver imports. This base price sets the tax rate on imported metals. For gold, the drop is $42 per 10 grams; for silver, it is $107 per kilogram.
Customs uses this price to fix duties. The rate resets every 15 days to match world trends. A lower base price cuts the tax paid by importers. This cut helps traders and buyers with lower costs. It may keep gold and silver prices steadier at home.
Global Price Shifts Affect Local Trade
Gold and silver prices abroad change fast due to world events and money matters. The government’s action aims to guard the local market from steep swings. India ranks as the world’s second-biggest gold buyer after China. It also leads in silver import volumes. India gets about 40% of its gold from Switzerland, 16% from the United Arab Emirates, and 10% from South Africa. In the fiscal year 2024–25, gold imports jumped by 27.3% to $58 billion, which shows rising demand.
Current Gold and Silver Rates in India
As of November 1, 2025, the rates in India are:
- 24 Carat (Fine Gold 995) – ₹12,058 per gram
- 22 Carat (Retail Purchase) – ₹11,455 per gram
- 22 Carat (Selling Price) – ₹10,972 per gram
- 18 Carat – ₹9,405 per gram
- Silver (999 purity) – ₹150,388 per kilogram
Over the last two weeks, gold lost about ₹10,246 per 10 grams, and silver fell to below ₹25,000. ### What This Means for Buyers and Investors
The base price change adjusts taxes and may smooth trading. For buyers, lower costs can signal a good time to buy gold. Still, shifts in the global economy and money flows can affect these moves. Many experts advise care and suggest speaking with finance professionals before buying.
Digital Trends in Real Assets
While rules adjust for physical gold, new tech shapes asset trade. Digital platforms allow parts of assets, such as real estate and gold, to be owned. These changes let people trade, split costs, and share ownership more easily. India works on old trade methods and new digital methods side by side.
Disclaimer: The information provided here is solely for informational purposes and does not constitute financial advice. Investors should seek professional guidance before undertaking any investment.
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📝 About This Article
This article was generated by Hivebox AI in collaboration with AuCan Gold.
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⚠️ Disclaimer
This content is for informational purposes only and does not constitute financial or investment advice.
Please consult with a qualified financial advisor before making any decisions related to investments, markets, or assets.
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