India cuts base import price of gold, silver1 min read . Updated: 01 Jul 2021, 10:37 AM IST
- Gold prices in India include 7.5% import duty and 3% GST.
The Indian government has slashed the base import price of palm oil, soyoil, gold and silver, as prices fell in the overseas market. Base import prices, typically revised every fortnight, are used to calculate duty on gold and silver that individuals bring into the country. Gold prices in India include 7.5% import duty and 3% GST.
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