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Budget 2024 : ‘Customs duties on gold and silver reduced to 6 per cent’
TIWN July 23, 2024
TIWN July 23, 2024
PHOTO : Union Finance Minister Nirmala Sitharaman placed budget 2024-2025. TIWN Pic July 23, 2024
NEW DELHI, July 23 (TIWN): Finance Minister Nirmala Sitharaman on Tuesday announced to cut import duty on gold and silver to 6 per cent from 15 per cent.
The move will make them cheaper in India. Following the Budget 2024-25 announcement, gold and silver prices in India declined by around Rs 250 and Rs 400, respectively.
As of 2:00 pm, 24k gold was selling down at Rs 73,580 in the spot market after the Budget announcement, while silver was down by Rs 400 at Rs 91,100 per kg.
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