The government has hiked import tariff value on
The import tariff value is the base price at which customs duty is calculated.
“The increase in tariff value on imported gold has been notified by the
In New York, gold’s price increased by 0.72% to trade at five-week high of $1,241.10 an ounce in yesterday's trade.
In India, gold is the second largest imported item after petroleum. Gold import increased for the second consecutive month to 95 tonnes in September.