The Government of India has reduced tariffs for calculating import duties on gold and silver. Tariffs are set at $ 420 for 10 g of gold and $ 645 for 1 kg of silver.
In the first half of August, the tariff for gold was $ 426 for 10 g of metal. The tariff for calculating the import duty for silver was $ 650 per 1 kg.
The fluctuation of tariffs for calculation of duties in India is normal. The level of tariffs is set by the government every two weeks.