India Grants RBI Levy-Free Gold Imports Gold bars are displayed at a gold jewellery shop in the northern Indian city of Chandigarh May 8, 2012. MUMBAI, March 13 (Reuters) – India has allowed its central bank to import gold without paying import levies, the government said in a notification issued late on Tuesday. Gold importers from the world’s second biggest gold consumer need to pay basic customs duty and Agriculture Infrastructure and Development Cess (AIDC). As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes. Of that, 388.06 tonnes is held overseas and 372.84 tonnes is held domestically, according to the RBI’s latest reserve management report. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts From 68 Cents to $18: The Inflation Shockwave at McDonald's READ MORE Japan’s GPIF Seeking Info on Illiquid Assets Such as Forests, Gold as Part of Research READ MORE Gold Clings to Stability Amid High Interest Rate Fears READ MORE Credit Markets Show Unwavering Strength Amid Rising US Inflation Concerns READ MORE UK Inflation comes out lower. But was this just the warm up? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
