Gold & Silver get costlier
Mysore/Mysuru, May 13 -- * Price of 22k gold increases from Rs. 14,155 per gram to Rs. 14,860 per gram
* Centre hikes import duty from 6% to 15%
Customers purchasing gold, silver and platinum will have to shell out more as prices have sky-rocketed following increase in import duties by Central Government.
The Government has increased the import duties of both gold and silver to 15 percent from 6 percent as a measure to curb rising imports of both gold and silver and to conserve foreign exchange amid mounting pressure from the West Asia crises.
Along with gold and silver, the Government has also increased the import duties on platinum to 15.4 percent from 6 percent.
In Mysuru, 22 karat gold was priced at Rs. 14,860 per gram this morni...
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