Gold: buying it, and the tax on it
Physical or digital, making charges, jewellers' schemes and the tax when you sell. 8 posts, every fact checked against official sources.
- GST paidTwice: on coins and on jewelleryGoldBuying 24K coins online to exchange for 22K jewellery later: does it pay?Buying a coin a month and exchanging them for jewellery later spreads the cost and locks in today's prices. But you pay GST twice, often a coin premium and an exchange deduction, and the exchange counts as a sale for tax.
GoldJewellers' gold savings schemes compared: what each brand really gives youPay monthly for 9 to 11 months and the jeweller adds a benefit. But the benefits work very differently: a discount, a free instalment, or less making charges. Here's each brand's scheme, from its own terms.
GoldMaking charges, wastage and VA: how gold jewellery is pricedGold jewellery costs more than the gold in it. Making charges, sometimes called wastage or VA, can add a lot to the bill, and you don't get them back when you sell.
GoldWhere to buy physical gold: jeweller, bank or onlineWhere you buy changes what you pay, how sure you can be of purity, and what you get when you sell. Here's what to check at each, and how to pay.
GoldChoosing a digital gold app: eight things to check firstDigital gold apps look alike, but what stands behind your gold differs. Because no regulator oversees digital gold, these checks are your protection.
GoldPhysical gold or digital gold? A side-by-side comparisonBoth follow the gold price and are taxed the same way when you sell. They differ on what you pay on top, how safe your holding is, and how easily you can sell.- Gold ETFs long term after12 monthsGoldThe best way to buy gold in India: five options comparedThere's no single best way: it depends on whether you want to wear it or invest. Here's what each option costs, how safe it is, and the tax when you sell.
GoldTax on gold: buying for Dhanteras, and selling or exchanging old jewelleryBuying gold has no income tax, only 3% GST. Selling or exchanging it is taxed on the gain: 12.5% if you've held it over 24 months, your slab rate if not.
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