Gold dore imports on 8% duty becomes attractive

Import of gold bars from Dubai to India, that attracts a 10 per cent import duty, may take a hit as refiners are importing more of gold dore, which is a semi pure alloy of gold and silver, from Latin America and North Africa.Gold dore has a gold content of 92-96 per cent and attracts an import duty of 8 per cent. According to James Bernard, director, Dubai Multi Commodities Centre,.....Read More