MUMBAI, May 16 (Reuters) - India slashed the base import
prices of crude palm oil, soyoil, and silver, and raised the
price of gold, the government said in a statement late on
Monday.
The government revises base import prices of edible oils,
gold and silver every fortnight, and the prices are used to
calculate the amount of tax an importer needs to pay.
India is the world's biggest importer of edible oils and
silver and the second-biggest consumer of gold.
Commodity New price in $ Old price in $
Crude palm oil 988 1001
RBD palm oil 1020 1022
RBD palmolein 1033 1044
Crude soya oil 983 1,024
Gold 650 639
Silver 773 815
Base prices for all commodities are in $ per tonne, except
for gold and silver. The gold tariff is in $ per 10 grams and
silver in $ per kg.
(Reporting by Rajendra Jadhav; editing by Uttaresh
Venkateshwaran)
Messaging: rajendra.jadhav.thomsonreuters.com@reuters.net))
