Platinum Imports

The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.

Royal etiquette expert William Hanson dished out some important protocols that are supposed to be followed while dining with the Queen

The government had last month hiked import duty on gold for the third time in 2013 to 10 per cent. Duties for silver and platinum were also increased to 10 per cent. Besides, customs duty on gold dore bars, ore or concentrate were raised to 8 per cent from 6 per cent.

Although platinum has a very short financial trading history associated with it compared to other precious metals, it is slowly becoming one of the favorite investment platforms for Indian investors.

The government on Monday raised the import duty on gold and platinum by 2 per cent to 6 per cent, the second such increase in less than one year. The move is aimed at discouraging gold buying and controlling the ballooning fiscal deficit.

Gold prices soared by Rs 315 to Rs 31,250 per 10 gram in Delhi. The government today hiked the import duty on gold to 6 per cent from 4 per cent effective immediately.

The government today increased the import duty on gold and platinum to 6 per cent from 4 per cent with immediate effect.

The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.

Royal etiquette expert William Hanson dished out some important protocols that are supposed to be followed while dining with the Queen

The government had last month hiked import duty on gold for the third time in 2013 to 10 per cent. Duties for silver and platinum were also increased to 10 per cent. Besides, customs duty on gold dore bars, ore or concentrate were raised to 8 per cent from 6 per cent.

Although platinum has a very short financial trading history associated with it compared to other precious metals, it is slowly becoming one of the favorite investment platforms for Indian investors.

The government on Monday raised the import duty on gold and platinum by 2 per cent to 6 per cent, the second such increase in less than one year. The move is aimed at discouraging gold buying and controlling the ballooning fiscal deficit.

Gold prices soared by Rs 315 to Rs 31,250 per 10 gram in Delhi. The government today hiked the import duty on gold to 6 per cent from 4 per cent effective immediately.

The government today increased the import duty on gold and platinum to 6 per cent from 4 per cent with immediate effect.