Government raises import duty on gold and precious metals
after close1 source ↓written by the desknot a recommendation
- now attract
- 5% duty
- will incur
- 5.4% duty
- are set
- 4.35%
The government has increased the import duty on gold and precious metals effective today. Gold and silver findings will now attract a 5% duty, while platinum findings will incur a 5.4% duty. Additionally, precious metal spent catalysts are set at 4.35%, contingent on compliance criteria. This move may impact domestic gold prices and trading volumes significantly.
Not investment advice. For informational purposes only.