[ad_1]
MUMBAI, Dec 16 (Reuters) – India raised the base import prices of crude palm oil and soyoil, gold and silver, the government said in a statement late on Thursday, as prices jumped 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 oil
977
971
RBD palm oil
979
977
RBD palmolein
988
993
Crude soya oil
1,275
1,360
Gold
582
565
Silver
771
699
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 Uttaresh.V)
((rajendra.jadhav@thomsonreuters.com; +91-22-68414378 ; Reuters Messaging: rajendra.jadhav.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
[ad_2]
Source link
