| 02.02.2012 - India increases base import price of gold, silver: govt |
| India, the world's biggest bullion consumer, has raised the base import price for gold by 5.7 per cent to $556 per 10 grams and that for silver by nearly 12 percent to $1067 per kg, a government statement said on Wednesday. Last month, India hiked its gold import duty by 90 percent and doubled the tax on silver, sending futures prices higher and hitting shares of jewellers...............................................Full Article: Source |