Government raises import duty on gold and precious metals
pre-market1 source ↓written by the desknot a recommendation
- will 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 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 gold prices and trading volumes in the sector.
Not investment advice. For informational purposes only.