News

January 1, 2015 India reduced tariffs on imported gold and silver base price

big gold consumer India, followed in mid-December to raise import tariff after the benchmark price of gold and silver, as the price of gold fell, India Government lowered import tariffs on gold and silver base price.

India on Thursday (January 1) said in a statement, gold and silver prices to follow the international trend and cut import tariffs on gold and silver base price.

India Bureau of customs import tariff benchmarks the gold price down from $ 396 per 10 gram to $ 392/10 grams and silver import duty lowered base prices from $ 561/kg to $ 519/kg.

February 31, international gold falling to $ 1195 per ounce, silver dropped to 15.97 dollars an ounce.

earlier, India Finance Ministry said in a statement, gold import tariff base price from 388 dollars raised to $ 396/10 g/10 g, import tariffs on silver base price from 540 $/kg, up from 561 USD/kg, to follow the international trend of commodity prices.

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