Import tariff value hiked on gold, silver - India
By GCRU Gold News on Thursday, February 11 2016, 04:37 - Permalink
The Central government has increased the import tariff value on gold and silver with effect from Feb. 10, 2016.
The tariff of gold is up $26 to $388 per 10 gm, while the increase on silver is $44 to $487 per kg, an official statement said on Wednesday.
India's gold imports in December 2015 were valued at $3.80 billion, up from $1.36 billion in December 2014. The figures for January are expected to be declared in a few days along with merchandise exports data.