India Resets Tariff Values On Gold, Silver, Palm Oil — Jewelry And Edible Oil Costs Reprice
New customs reference values land at $1,508 per 10g for gold and $2,810 per kg for silver, alongside revised palm oil rates. The move flows directly into landed costs for Tanishq, Kalyan, Malabar and palm-oil-dependent FMCG chains, with pass-through likely in shelf and sticker prices within weeks.
India has amended tariff values on gold ($1,508/10g), silver ($2,810/kg) and palm oil, directly affecting import costs for jewelry retailers and edible oil supply chains feeding Indian grocery and FMCG categories.