IMPACT OF IMPORT DUTY ON GOLD ... AND HOW TO CALCULATE ...

Impact: Gold to attract additional duty of Rs 520 per 10 grams

COMEX GOLD 1335
USDINR  61

SPOT VALUE = 1335* 61 = 81435

SPOT VALUE PER 10 GM = 81435/3.11 [TROY OUNCE ] = 26190

IMPORT DUTY 10% = 2619

TOTAL GOLD VALUE = 26190 + 2619 = 28809
OTHER COST = 0.10 = 28 RS

FINAL PRICE OF GOLD PER 10 GM = 28837