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Gold, silver ornaments to become costlier on higher duty
The Comptroller and Auditor General (CAG) had slammed the Oil Ministry and its technical arm, the DGH, for allowing RIL to retain the entire block. However, as per the contract, it was to relinquish 25 per cent of the area in 2004 and a similar area in 20
17 Jan 2012, 04:46 PM IST 
Prices of gold and silver are likely to rise after the government announced a change in the structure of duties. These changes could nearly double duties on both metals.The import duty on gold has been set at 2 per cent of the value of imports from flat Rs 300 per 10 grams. Import duty on silver has been changed from flat Rs 1,500 per kg to 6 per cent of the value of the import.
