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From where are you guys buying digital gold?
- Thread starter LordPSN
- Start date
shrewdoc
TF Ace
Don't buy Digital Gold.
Instead if you want to invest in Gold, go for RBI's Sovereign Gold Bonds (SGBs). There are tax-free investments if redeemed via RBI after maturity and are available in demat form as well.
There are multiple issues in a year, recent one just closed on September 15.
Instead if you want to invest in Gold, go for RBI's Sovereign Gold Bonds (SGBs). There are tax-free investments if redeemed via RBI after maturity and are available in demat form as well.
There are multiple issues in a year, recent one just closed on September 15.
i personally have invested in gullak gold +
you get 4-5% in the form of gold because that gold is leased to top jewellers and you get the benefit of price appreciation
You have to applied via coin website by zerodha. But funds need to be added in kite app itself. Once bought it is available in dmat account in kite app.
It gets automatically sold after 8 years and no tax on capital gain. There is a way to sell after 5 years as well.
You get 2.5% interest every year.
yes when you sell capital gains would be required to filed by you and gold leasing here gets you 5% pa
AlgoTrader
TF Ace
You can buy using your demat account anytime. Do you have zerodha account? Or any other account? If yes, can buy like any other stock
the main reason i invested in this is my portfolio is overweight on peer to peer ledning already
i have maxxed out all my family members limit
so needed to diversify from fixed income and equity
gullak doesnt have any lock in and 4-5% on asset leasing model is good apart from the capital appreaciation of gold
i have maxxed out all my family members limit
so needed to diversify from fixed income and equity
gullak doesnt have any lock in and 4-5% on asset leasing model is good apart from the capital appreaciation of gold
Agree. Also gives 2.5%interest pa.
Or go for gold etf if looking for short term investment.
AlgoTrader
TF Ace
No tax on capital gains, will be sold/redeemed automatically during maturity
Deleted member 26954
TF Premier
It is just a paper gold not backed by physical gold.
psmangat5
TF Select
While buying ask the bank to put your demat account no in their system, the bonds will be shown in your trading account after 10 days. you can buy or sell like ordinary shares/bonds anytime. If you want to sell to government than you can do the same on completion of 5 years and every 6 months thereon till 8th years. on 8th year it will be automatically redeemed and money will be credited to your account.
