| Source : |  |
India on Monday hiked import duty on gold to 6 percent from 4 percent effective immediately, a finance ministry official said on Monday, in a bid to cut down ballooning current account deficit.
The news sent gold futures higher by a percent.
The duties will be reviewed if there is a moderation in gold imports, Economic Affairs Secretary Arvind Mayaram told reporters.
| Cities | Price (10g) | ||
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| Gold Rate in Chennai | Rs. 29650.00 (-0.3%) | ||
| Gold Rate in Mumbai | Rs. 30740.00 (-0.32%) | ||
| Gold Rate in Delhi | Rs. 29900.00 (-0.33%) | ||
| Gold Rate in Kolkata | Rs. 30080.00 (-0.73%) | ||
| Gold Rate in Kerala | Rs. 29150.00 (0%) | ||
| Gold Rate in Bangalore | Rs. 29500.00 (0%) | ||
| Gold Rate in Hyderabad | Rs. 29740.00 (-0.5%) | ||
