IMPACT: SILVER to attract additional duty of Rs 900 per KG
COMEX SILVER 21.5$
USDINR 61
SPOT VALUE = 21.5* 61 = 1311
SPOT VALUE PER OUNCE = 1311 * 32.15 [TROY OUNCE ] = 42165
IMPORT DUTY 10% = 4216
TOTAL SILVER VALUE = 42165 + 4216 = 46381
OTHER COST = 0.10 = 46.38 RS
FINAL PRICE OF SILVER PER KG = 46427
