13-03-2024 09:57 AM | Source: Reuters
India allows RBI to import gold without paying import levies
India has allowed its central bank to import gold without paying import levies, the government said in a notification issued late on Tuesday.
Gold importers from the world's second biggest gold consumer need to pay basic customs duty and Agriculture Infrastructure and Development Cess (AIDC).
As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes.
Of that, 388.06 tonnes is held overseas and 372.84 tonnes is held domestically, according to the RBI's latest reserve management report.
Latest News
Reduce AU Small Finance Bank Ltd. For Target Rs.: 62...
Buy ACC Ltd. For Target Rs.: 2,900 - Emkay Global
Buy Macrotech Developers Ltd For Target Rs.1,295 - M...
Buy Cholamandalam Inv. & Finance Ltd For Target Rs.1...
Buy Bajaj Finance Ltd For Target Rs.8,500 - Motilal...
Sell Petronet LNG Ltd For Target Rs.229 - Yes Securi...
Sell Johnson Controls Hitachi Air Conditioning Ltd F...
Sell Vodafone Idea Ltd For Target Rs.10 - Yes Securi...
Global Liquidity Tracker : Global flows stabilise af...
Weekly Market Analysis : Markets rebounded after two...