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 Dollar Bulldozes Its Way Through Asian FX With Help From Yuan READ MORE Biden Has Forgiven $136 Billion in Student Debt – More Could Be on the Way READ MORE Why I Took Physical Delivery of My Tesla Stock Certificates READ MORE Gold Retreats from All-Time Highs as Traders Eye UpcomingU.S. Inflation Data READ MORE Retaliation Promised: Biden's Response to Drone Attack in Jordan READ MORE Add a Comment Cancel replyYour email address will not be published.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
