Gold Price Today: Inflation is rising. On the other hand, the dollar is weakening and bond yields are weakening. In such a scenario, interest among gold investors has once again increased. If you are also one of the investors in gold, you can invest in it in many ways. Gold ETFs in addition to physical gold(Gold ETF) And investing in gold bonds known as gold based mutual funds, digital gold, sovereign gold bonds has become very easy. However, the rules and tax rules for investing in different instruments are different.
Sovereign gold bonds are considered the best investment. The return on investment is 2.5% per annum. This is added to your total income, which is taxed according to the tax bracket. Its maturity is 8 years. Investor Rs. Can buy gold bonds up to Rs 4 lakh. There is no tax on capital gain if it is sold after 8 years. Long-term capital gains tax of 20% is levied if sold between 5-8 years. Sovereign gold bonds also do not attract the 1% TDS that applies to physical gold. Apart from this no commission or GST is also charged. A separate discount of Rs 50 per gram is available on online purchases. It is necessary to invest at least 1 gram in this.
There is a lot of craze for digital gold these days. 1 rupee can also be invested in this. However, buying digital gold is subject to 3% GST. Apart from this the commission of digital gold sellers will be different. Overall, it’s a 5-7 percent ratio. The platform selling digital gold is not yet regulated. In such a case, it would be very difficult if any kind of fraud occurs.
Talking about Gold Exchange Traded Fund i.e. Gold ETF is a passive way to invest in gold. One gold ETF unit is 1 gram. Gold ETF units can be traded as stocks on both BSE and NSE. It’s like buying gold in an online mode. However, on redeeming it, you get cash, not gold, which is according to the price of gold at that time. There is no wealth tax on gold ETFs. Apart from this there is no Security Transaction Tax, Value Added Tax (VAT) and Sales Tax.
In the case of physical gold, capital gains tax is levied on it. Short-term capital gains tax is levied if sold within 36 months of purchase. It is included in your total income and is taxed according to the tax bracket you fall into. If sold after 36 months, it is called long term capital gains tax and is subject to 20% tax. The benefit of indexation is definitely available but surcharge and cess also apply to these transactions.
Take a look at today’s gold prices |
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The price of 10 grams of gold in Gujarat is as follows | |
Ahmedavad | 52900 |
Rajkot | 52920 |
(Source: aaravbullion) | |
In four metros of the country, 10 grams of gold is being traded at this price | |
Chennai | 52310 |
Mumbai | 52200 |
Delhi | 52200 |
Kolkata | 52200 |
(Source: goodreturns) | |
Take a look at the gold prices in the countries of the world | |
Dubai | 47100 |
USA | 46275 |
Australia | 46236 |
China | 46290 |
(Source: goldpriceindia) | |
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