Regardless of the form in which you hold gold, you are required to pay income tax. People commonly hold gold in various forms, such as gold ETFs, digital gold, jewelry, and bonds. Many assume that only gold held as an asset is taxable. However, even when you sell gold, you must pay taxes on any … Read more
In our daily lives, we may encounter emergencies, such as sudden illnesses, that require more funds than we have saved. Arranging funds for life-saving treatments can become a challenge. In such cases, a gold loan offers a quick solution by providing the necessary money to save lives. Unexpected financial crises can arise from medical conditions, … Read more
Have you heard of gold ETFs (exchange-traded funds)? The profit potential from investing in them is substantial; those already trading can attest to this. Investment in gold ETFs has grown at an annual rate of 16.65% over the last three years. In the past five years, gold ETF funds have delivered returns exceeding 14%. Below … Read more
Do you urgently need to sell the gold your in-laws gave you as a wedding gift? Here’s what you need to know. In India, gifts are generally not considered personal income. However, if the total value of gifts you receive in a financial year exceeds ₹50,000, you must pay tax on the amount over that … Read more
Indians have a strong affinity for gold. They predominantly purchase gold jewelry for festivals, weddings, and other auspicious occasions. Gold is often passed down through generations as inheritance, either through legal means or as gifts from parents to their descendants. Let’s explore the tax regulations surrounding this gold. There is a massive demand for gold … Read more
Consumers who cannot afford to buy gold jewelry outright often choose to participate in gold deposit schemes. If you are considering such a scheme, there are a few essential things to know. Gold is globally recognized as a valuable asset, and India has a robust cultural fondness for it. At the same time, some individuals … Read more
Have thieves stolen the gold jewelry from your neck? Or have you lost all your gold jewelry due to theft in your home? Don’t worry. The jewelry shop owners where you purchased the jewelry will reimburse you. They will refund an amount equal to the value of the lost jewelry. You may be surprised, but … Read more
When considering borrowing against gold, taking certain precautions and understanding the critical aspects of gold loans is crucial. Please do so to avoid financial loss. Here are some essential things to consider: Banks are often the first place people turn to when they urgently need a large sum of money. While borrowing from external sources … Read more
Are you considering investing in gold? Experts say you may not get the expected return on your investment if you only invest in physical gold. To maximize your returns, consider the following ways to invest in gold and profit from rising prices. Many people buy jewelry as an investment in gold, but experts advise against … Read more
Indians predominantly use gold and diamond jewelry, considering them valuable assets. Emeralds and diamonds are also seen as investment instruments. In this comparison between gold and diamonds, let’s explore which is a better investment option and why the risk is lower. Gold, a symbol of wealth since ancient times, has been a part of India’s … Read more