India continues to be the largest importer of edible oil in the world. The government last month approved duty-free imports. This applies to the import of 2 million tons of soybean oil. Base prices are in dollar terms per tonne of commodity. Gold and Silver are an exception. Gold tariff is in the form of 10 grams per dollar. Silver is also known as the dollar per kg.
The import price of crude palm oil base was reduced from $ 1625 to $ 1620. RBD palm oil rate increased from $ 1733 to $ 1757. The other palm oil base import rate jumped from $ 1679 to $ 1689. The price of crude soybean oil fell from $ 1866 to $ 1831. Gold base import price fell from $ 597 to $ 585. Silver base import price fell from $ 721 to $ 695.
Crude palmolin and RBD palmolin base import prices rose from $ 1741 to $ 1764 and $ 1744 to $ 1767 respectively. The import price of brass scrap base increased from $ 5530 to $ 5574. However, gold prices in the country today saw a decline. The psidi rate is Rs. 270 dropped. For those who are a little tired of the stereo-typed gold buying, this is the place to be. The pound sterling rate was also at Rs. More than 1000 fell. Silver, however, remains stable today.
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