Gold for investment

[Vinay13]

SGB used to be best investment for Gold. But after govt has closed new SGB tranches. Whats best way to invest in Gold?
Do not want physical gold as difficult to maintain

 

[Vinay13]

SGB used to be best investment for Gold. But after govt has closed new SGB tranches. Whats best way to invest in Gold?
Do not want physical gold as difficult to maintain

@SSV @Pissant @helloworld @fradela

 

[tharun]

SGB used to be best investment for Gold. But after govt has closed new SGB tranches. Whats best way to invest in Gold?
Do not want physical gold as difficult to maintain

Buy sgb in secondary market 🤪
Probably not the answer you are looking for
One thing for certain is not to buy digital gold

 

[SSV]

@SSV @Pissant @helloworld @fradela

Sorry can’t help you in this regard..
I buy physical gold

 

[Vinay13]

Buy sgb in secondary market 🤪
Probably not the answer you are looking for
One thing for certain is not to buy digital gold

Because new SGB not there , SGB on NSE trading at premium valuation

 

[tachniki]

How are Gold ETF?

 

[Vinay13]

How are Gold ETF?

Not sure how well they will correlate to gold and 12.5% taxation will be there

 

[helloworld]

@SSV @Pissant @helloworld @fradela

gold etf .

 

[helloworld]

Not sure how well they will correlate to gold and 12.5% taxation will be there

its same like any other investment, keep it for long and hope for the best.

 

[fradela]

SGB used to be best investment for Gold. But after govt has closed new SGB tranches. Whats best way to invest in Gold?
Do not want physical gold as difficult to maintain

Only option is Gold Mutual Funds.

I invest on them.

 

[Pissant]

@SSV @Pissant @helloworld @fradela

Refer to this thread:

C

Thread 'Banks offering Free Locker Facility with Various Wealth or HNI Banking Programmes'

Sep 9, 2023

Banks offering Free Locker Facility with their HNI Banking Programmes:

1) IDFC FIRST Wealth
2) HDFC Imperia Banking
3) IndusInd Exclusive Account
4) IndusInd Pioneer
5) Yes Private
6) Kotak Private
7) BoB Masterstroke Savings Account
8) IDBI Royale Savings Account
9) PNB Elite-Executive, Elite-Grand, Elite-Royal Savings Account
10) AU IVY Savings Account

Share details of other banking programmes as well. Although this free Locker facility is tough to get 😉

• CCgeeks
• Replies: 87
• Forum: Banking Facilities

• 

And open as many large lockers as you need and buy physical gold to store in it. Going to be much cheaper than GST in the long run.

 

[wuodland]

Avoid SGB. Either Gold ETF(GoldBees) or physical gold.

Disclaimer: I am not sebi registered analyst. The above recommendation is for educational purpose only, consult financial advisor before investment

 

[anup.mahaswari]

Not sure how well they will correlate to gold and 12.5% taxation will be there

The 12.5% tax is customs duty to import gold in India. This leads to domestic INR gold prices being higher than international prices being higher by a similar percentage.

Hence, buying physical gold or gold ETF/mutual fund has exactly the same price basis and is generally very correlated to gold price in Indian market.

Digital gold and physical gold has a GST of 3% which will impact returns (even long term returns). ETF does not have such a GST but the fund itself will pay GST when it buys gold and that GST will come from your invested value. But, generally there will be some exits from such funds over time which will lead to average percentage of GST being much lower than 3%.
There will be other costs such as brokerage and STT when buying ETFs but thta tends to be much lower.

 

[Vinay13]

The 12.5% tax is customs duty to import gold in India. This leads to domestic INR gold prices being higher than international prices being higher by a similar percentage.

Hence, buying physical gold or gold ETF/mutual fund has exactly the same price basis and is generally very correlated to gold price in Indian market.

Digital gold and physical gold has a GST of 3% which will impact returns (even long term returns). ETF does not have such a GST but the fund itself will pay GST when it buys gold and that GST will come from your invested value. But, generally there will be some exits from such funds over time which will lead to average percentage of GST being much lower than 3%.
There will be other costs such as brokerage and STT when buying ETFs but thta tends to be much lower.

I thought MF house dont pay such taxes they also not liable to pay STCG and LTCG. and ETF do not buy physical gold..

 

[anup.mahaswari]

I thought MF house dont pay such taxes they also not liable to pay STCG and LTCG. and ETF do not buy physical gold..

ETFs will buy physical bullion and hold in vaults. They typically rebalance physical gold every month or so.

 

[anup.mahaswari]

ETFs will buy physical bullion and hold in vaults. They typically

ETFs will buy physical bullion and hold in vaults. They typically rebalance physical gold every month or so.

rebalance physical gold every month or so.

View attachment 78223

 

[Ram1]

Can we sell 22k gold coin also? Like 24k coin

 

[Pissant]

Can we sell 22k gold coin also? Like 24k coin

of course you can.

 

[Pissant]

Are Silver coins a good investment? Like If I buy a 100GM Silver Coin for 12k today, will I be able to sell it at an equal price or higher in a year?

 

[Ram1]

of course you can.

Can u suggest any way?
I heard Malabar buys 24k coin at 1% less of today's market price.
Like that any way for 22k also?