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India Sets Benchmark Price for Gold Import Duty

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

Jan. 18 (Bloomberg) -- 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

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