New Delhi, Aug 17 (KNN) The government has raised the import tariff value on gold to USD 363 per 10 grams and silver to USD 499 per kg today. 
 
For the first fortnight of this month, the import tariff value of gold and silver stood at USD 354 per 10 grams and USD 498 per kg, respectively. 
 
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value is revised on a fortnightly basis. 
  
The change in tariff value of gold and silver has been notified by the Central Board of Excise and Customs, said an official statement issued by the Finance Ministry. 
 
The government raised the tariff value of imported gold and silver marginally taking into account the rise in global prices. 

India’s gold imports had jumped 62.2 per cent to USD 2.96 billion in July, as against USD 1.82 billion in the year-ago period, as per the government data. (KNN Bureau)