INDIA Gold traders in Mumbai said prices were set to increase slightly following a move by the government to double the customs duty on the import of gold as part of its interim budget for the financial year ended March announced on Monday.
The government said the customs duty on gold bars and coins would rise from Rs100 per 10 grams to Rs200 per 10 grams while the duty on silver would also double from Rs500 per kilogram to Rs1,000.
