For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Government slashes tariff value of gold with fall in global prices

    By Religare
    |
    Government slashes tariff value of gold with fall in prices
    The government has slashed the import tariff value of gold at USD 401 per ten grams and that of silver to USD 604 per kg as prices of the precious metals fell in the international market.
     

    Earlier, the tariff value of gold and silver stood at USD 421 per 10 gram and USD 606 per kg.

    The notification, issued by the Central Board of Excise and Customs (CBEC), has come a day after gold prices fell by Rs 1,150 to hit 23-month lows of Rs 25,650 per 10 grams in the national capital tracking weak global cues.

    Gold import is expected at 350 tonnes in the current quarter, but is projected to decline to about 150 tonnes as the government has recently increased the import duty on gold to 8 per cent from six per cent.

    Read more about: gold
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more