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Govt hikes import duty on gold

Govt hikes import duty on gold, silver

The government on Tuesday hiked the import duty on gold and silver in line with the rise in the duty in India. A Cabinet meeting decided to raise the duty on the yellow metal to Rs 1,500 from Rs 1,000 per 10 gm, while the duty on silver import has been increased to Rs 4,600 per kg from Rs 2,400 per kg. The new rates are effective from Wednesday.…
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