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Import tariff value on gold hiked, while that on silver reduced

Updated: Sep 01, 2015 05:39:22pm
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New Delhi, Sept 1 (KNN) The government today hiked the import tariff value on gold to USD 369 per 10 grams whereas reduced the tariff on silver to USD 471 per kg. 

In the second fortnight of August, the import tariff value on gold was USD 363 per 10 grams and on silver it was USD 499 per kg. 

In the domestic bullion market, gold today continued to rise for the third straight day and regained the Rs 27,000-mark by adding Rs 200 and closed at Rs 27,060 per 10 grams.

Similarly, silver also rose by Rs 150 to Rs 35,150 per kg. 

The change in tariff value of the metals has been notified by the Central Board of Excise and Customs, said an official statement issued by the Finance Ministry. (KNN Bureau)

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