Quick Conversions
The Import Reference — 10-Day Series
All prices in ₹ per gram · daily rate, updated once per day
Importing uranium: India's side of the world's strangest trade
The import reference reads ₹17.29 per gram today, September 16, 2026. For most commodities, "import price" means landed cost — CIF plus duty plus port. For uranium into India, it means treaty economics: government-to-government agreements, IAEA safeguards riding every drum, formulas negotiated in the benchmark's shadow and published nowhere. This page tracks the shadow's source daily and maps the system around it.
Import arithmetic at the reference:
- Per tonne imported: ≈ ₹1.73 crore
- A year's import needs (rough thousand-tonne scale): thousands of crores
- The 100 GW future's annual imports: multiples of today's
- Private import allowance: zero, at any price
The ledger's owner is the Republic; this page is the public's window onto its weather.
Import Quantities at Reference
Today's Uranium rate is Seventeen Rupees per gram. At this rate, 10 grams of Uranium costs One Hundred and Seventy Three Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹17.29 | Seventeen Rupees |
| 8 Grams | 8.0000 g | ₹138.35 | One Hundred and Thirty Eight Rupees |
| 10 Grams | 10.0000 g | ₹172.94 | One Hundred and Seventy Three Rupees |
| 100 Grams | 100.0000 g | ₹1,729.36 | One Thousand Seven Hundred and Twenty Nine Rupees |
| 1 Kilogram | 1,000.0000 g | ₹17,293.57 | Seventeen Thousand Two Hundred and Ninety Four Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹490.26 | Four Hundred and Ninety Rupees |
| 1 Troy Ounce | 31.1035 g | ₹537.89 | Five Hundred and Thirty Eight Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹17,293,573.00 | One Crore Seventy Two Lakh Ninety Three Thousand Five Hundred and Seventy Three Rupees |
The import system, assembled since 2008
India's uranium imports are younger than they feel. Until the 2008 NSG waiver, the isolated programme ran reactors at painful capacity factors on lean domestic ore. The waiver's aftermath built today's system at speed: supply agreements with Kazatomprom, Cameco's Canadian material, Russian and French contracts, Uzbek supplements — each pairing a diplomatic framework with commercial formulas, each delivering safeguarded fuel that lifted fleet utilisation within years. Few policy unlocks have converted to gigawatt-hours faster.
What India's import price actually contains
Inside the confidential formulas, informed reconstruction suggests the universal architecture: base prices set at signing, escalation clauses, market-linked components referencing the assessments this page converts, delivery and origin terms. The smoothing means India's realised import costs lag benchmark swings — the 2021–24 tripling reaches Indian contracts as renewals roll, not as spot shocks. Sovereign scale buys time-averaging; it cannot buy exemption from the trend.
Diversification is the system's quiet masterpiece. No supplier holds leverage over India's fuel security; routes span continents; and domestic UCIL production guarantees the unsafeguarded fleet regardless of any import weather. The premium India pays for lean domestic ore is, in this frame, the insurance premium on the entire import system — strategy visible in cost structure.
Imports under the 100 GW horizon
The Nuclear Energy Mission converts import policy into compounding arithmetic: severalfold capacity growth by 2047 means severalfold feed demand, met — until breeders mature — substantially through imports. Expect the supplier lattice to widen (Australian volumes, African origins), contract tenors to stretch, and India's weight in global demand models to grow accordingly. The import price's future is being negotiated now, agreement by agreement, against the daily reference above.
Import Reference — Daily Record
The most recent Uranium price on record (2026-09-16) is Seventeen Rupees per gram. This is up by Less than One Rupees from the previous day's rate of ₹17.28.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-16 | ₹17.29 | +0.01 |
| 2026-09-15 | ₹17.28 | +0.03 |
| 2026-09-14 | ₹17.25 | +0.03 |
| 2026-09-13 | ₹17.22 | +0.00 |
| 2026-09-12 | ₹17.22 | +0.01 |
| 2026-09-11 | ₹17.21 | -0.01 |
| 2026-09-10 | ₹17.22 | +0.09 |
| 2026-09-09 | ₹17.14 | +0.08 |
| 2026-09-08 | ₹17.06 | +0.05 |
| 2026-09-07 | ₹17.01 | — |
Watching imports through the public window
The watchable layer: this benchmark daily, supplier-nation disclosures quarterly (Kazatomprom's realised prices preview formula directions), and the periodic parliamentary or DAE statements that confirm volumes after the fact. Together they reconstruct India's import economics to civic precision — exact invoices stay sovereign, trajectories do not.
For investors, the import lens inverts into opportunity: the suppliers India buys from are the listed equities Indian portfolios can hold via LRS. Owning the exporters while the nation imports is the lawful arbitrage on this page's number — participation in the trade from its only accessible side.
The reference renews tomorrow; somewhere a formula accrues against it; the drums keep arriving under their seals. India's import price, publicly shadowed daily — here.
Uranium Import Price — India's Buying FAQ
Importers worldwide negotiate against the benchmark: ₹17.29 per gram (September 16, 2026). India's actual import contracts price confidentially on formulas; multi-year averages of this reference bracket them honestly.
The post-2008 supplier set: Kazakhstan, Canada, Russia, France and Uzbekistan, with Australia agreement-enabled. Diversification is doctrine — no single supplier dominates India's safeguarded fuel imports.
The state alone. The Department of Atomic Energy contracts government-to-government; shipments arrive under IAEA safeguards for the designated reactor fleet. Private import at any scale is criminal under the Atomic Energy Act, 1962.
Sovereign nuclear imports operate outside ordinary commercial tariff logic — the transaction is state-to-state under treaty frameworks. The "landed cost" concept that governs gold or copper imports simply does not map onto safeguarded uranium.
It created the import option itself. Before the waiver, India's isolated programme ran on lean domestic ore; after, world-priced material flowed to safeguarded reactors, fleet utilisation jumped, and India became a permanent participant in the demand side of the benchmark this page tracks.
