Government Raises Import Tariff on Gold to $369

New Delhi: The government on Tuesday raised the import tariff value on gold to $369 per 10 grams taking strong cues from the global market. The tariff value on silver was however reduced to $471 per kg. In the second fortnight of August, the import tariff value on gold was $363 per 10 grams and on silver it was $499 per kg. The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing...