India Sets Benchmark Price for Gold Import Duty

(Corrects to benchmark price in story first published on Jan. 18.)

India, the world’s biggest gold consumer, set the benchmark price for setting tax on imports of the precious metal at $526 per 10 grams, according to an e- mailed statement from the nation’s Central Board of Excise & Customs.

The benchmark price for imports of silver was set at $953 a kilogram, it said.

To contact the editor responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net

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