In the wake of falling global prices of precious metals , the government today further slashed the import tariff value of gold to USD 440 per ten grams, while it has been kept unchanged at USD 761 per kg for silver imports.

Tariff value is the base price on which the customs duty is determined to prevent under-invoicing. Till last week, the tariff value of gold was at USD 466
per ten grams and silver at USD 761 per kg.

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