Any income from selling gold - mf, ETF, digital gold, physical gold, (except sgb) are taxed in income tax at same rate. For long term, it is 20.8% plus cess. For short term, it is added to your income and taxed at slab rate.
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Gold for Investment
- Thread starter Vinay13
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- gold investment
kumars_001
TF Premier
Here is my view for Gold. If anyone contradicts, feel free to let me know.
I always feel Physical Gold is always better. Because.. today Govt said they cant give SGB anymore because as we brought SGB, govt should invested it in gold but they didnt, so govt facing losses for giving existing SGB's.
Tomorrow govt may say they cant give 4% interest on already given SGB's. Or they may say SGB's are not at all valid anymore and they can give only the principle amount to the investors and not the actual gold value.
And Govt may increase taxes / exit load on Gold ETF's / Gold Bees.
They may stop giving permissions to invest more into Gold mutual funds - This may stop inflows to Gold MF's and MF companies may exit from gold investment.
So always Physical Gold is better. I think you already might be investing a lot on other type of investments like stocks/MFs/NPS/ePFs etc and all are digital ones.
So atleast for Gold, let us go for Physical format to balance our portfolio
I always feel Physical Gold is always better. Because.. today Govt said they cant give SGB anymore because as we brought SGB, govt should invested it in gold but they didnt, so govt facing losses for giving existing SGB's.
Tomorrow govt may say they cant give 4% interest on already given SGB's. Or they may say SGB's are not at all valid anymore and they can give only the principle amount to the investors and not the actual gold value.
And Govt may increase taxes / exit load on Gold ETF's / Gold Bees.
They may stop giving permissions to invest more into Gold mutual funds - This may stop inflows to Gold MF's and MF companies may exit from gold investment.
So always Physical Gold is better. I think you already might be investing a lot on other type of investments like stocks/MFs/NPS/ePFs etc and all are digital ones.
So atleast for Gold, let us go for Physical format to balance our portfolio
helloworld
TF Legend
Like malabar, any other company buys gold coins?
try local stores. Most times they offer the best price anyway for 24k. If you regularly sell to the same guy eventually you will build rapport with him and he will give you even better prices.
Bought silver bees for 2-3 month time frame on leverage. Let's see how it goes. Plan is to hold till a few expenses hit by Feb-March. Was going to do gold, but the shopkeeper I buy silver from said silver should shoot up by March-April. So going to try this.
P.S. not an investment advise. Just feel that ETF would be convenient, as have seen cases where bullions and coins turn out to be fake.. And no need to move from white to black and vice versa.
P.S. not an investment advise. Just feel that ETF would be convenient, as have seen cases where bullions and coins turn out to be fake.. And no need to move from white to black and vice versa.
Long term gold taxation is 12.5%
Looks like rule changed recently and ltcg for gold is also 12.5%. https://m.economictimes.com/wealth/...-know-the-new-rules/articleshow/114733813.cms
This is big bummer in article. If you are exchanging your old gold jewellery for new one, an exchange of old gold jewellery will be considered as selling of old gold. The capital gains tax rules will be applicable on the sale of old gold jewellery.
Not sure if TDS also applicable there to track it. 😁
anup.mahaswari
TF Buzz
That is your belief and you should act as per your own belief.
However, would want to point out a few things.
- Indian Government has a huge amount of gold as reserves (over 850 tonnes of physical gold). Total SGBs raised till now is around 150 tonnes of gold. So, there is a natural hedge for the government in SGB.
- Not giving interest is not an option. This is the same as regular bonds by the government. Not paying is akin to default. If that happens, life will go for a toss for all of us. Value of rupee will plummet, banks will go bankrupt etc. etc.
- ETF exit load is determined by fund house. Taxes is a possibility but that is being done on sale of physical gold as well. Also, generally, the government is trying to get capital gains aligned across all asset classes (example of real estate changes). So, my view is that this can happen but will happen across all forms (including physical).
Physical provides physical reminder of financial security and that is valuable on its own. Also, there is the possibility to avoid taxation and buy/sell using cash from local jewelry shops. Those are advantages for some for sure. So, decision and approach should be based on our own unique requirements.
I have noticed few things in our discussion.
Few people buying physical gold out of attachment to metal . While others are treating it like pure investment and hedge to equity.
Also dealing in cash for gold is non sustainable. You can do it for few lakhs amount but as portfolio increases it becomes risky.
Few people buying physical gold out of attachment to metal . While others are treating it like pure investment and hedge to equity.
Also dealing in cash for gold is non sustainable. You can do it for few lakhs amount but as portfolio increases it becomes risky.
What do you guys think about gold prices in the short-term — say, over the next two to three months? Do you see them increasing or decreasing?
Would it be a smart short-term move to sell a portion of physical gold now? For instance, if we’re able to sell around ₹91,000–₹92,000 today, do you think there’s a realistic chance gold might fall to ₹80,000–₹85,000 in the next couple of months?
Would love to hear your thoughts
Would it be a smart short-term move to sell a portion of physical gold now? For instance, if we’re able to sell around ₹91,000–₹92,000 today, do you think there’s a realistic chance gold might fall to ₹80,000–₹85,000 in the next couple of months?
Would love to hear your thoughts
Unlikely it will fall. There’s no global economic stability in sight in the near future and gold is known to rise at such times.
Makes sense bro
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