Sharp increase in duty drawback rates for gold and silver jewelry effective today, in a move that is expected to make exports more viable for those who opt for drawback route.The drawback has been raised from Rs 272 to Rs 372.9 per gram of gold jewellery, For silver jewellery, the drawback has been raised from Rs 3,254 to Rs 4,332.2 per kg.Lower drawback was affecting our exports. The increase is an extremely positive step for those opting for duty drawback. Exports had reduced after gold and silver prices began rising and the government raised duty and tariff value of gold and silver without increasing duty drawback.