India raises base import price of palm oil, gold
MUMBAI (Reuters) - India raised the base import prices of gold, crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market.
The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer needs to pay.
India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold.
Commodity New price in $ Old price in $
Crude palm 960 952
oil
RBD palm 988 962
oil
RBD 1,008 971
palmolein
Crude soya 1,354 1,345
oil
Gold 570 531
Silver 702 630
Base prices for all commodities are in $ per tonne, except
for gold and silver. The gold tariff is in $ per 10 grams and
silver in $ per kg.
(Reporting by Rajendra Jadhav; Editing by Devika Syamnath)
