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The Economic Times

Economy / The Economic Times

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Import tariff values for gold, silver raised

India's customs board has increased import tariff values for gold and silver. This move aims to manage import costs due to global commodity price changes. Edible oils like palm and soybean oil also see minor adjustments. These new valuations will be effective from May 16, 2026. Policymakers are also looking to control pressure on foreign exchange reserves.

16 May 2026 12:56 am