How Will You Benefit From Government’s New Decision On Gold | Paisa Live

One month after the budget, the government has reduced the Duty Drawback Rate on gold and silver. According to the new directive, the Duty Drawback Rate for gold jewelry has been cut from ₹704.10 per gram of pure gold to ₹335.50 per gram. Similarly, the Duty Drawback Rate for silver jewelry has been reduced from ₹8,949 per kilogram to ₹4,468.10 per kilogram. This adjustment aims to provide financial relief and encourage the jewelry industry by lowering the costs associated with export duties. The move is expected to benefit both manufacturers and consumers, potentially leading to lower prices for gold and silver jewelry in the market.