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India hikes Import Tariff Value on Gold and Silver

The Indian Government today announced considerable hike in tariff value for imported gold and silver . The import tariff value of gold was hiked by 2.3% and that of silver was hiked by 4.6%, in tandem with price of the precious metals in the international market. ...

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Gold holds close to 7-week high on safe-haven demand

Gold was trading close to a seven-week peak on Wednesday, boosted by safe-haven bids as the dollar weakened on cautious comments by U.S. Federal Reserve officials regarding a rate hike and on political uncertainty in Greece. FUNDAMENTALS * Spot gold had eased ...

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