Sovereign Gold: Buy Cheap Gold Before Dhanteras, Government Offers Five Day Investment From Today

Summary

Experts say the price of gold has fallen sharply during the year. The government has hiked the price of the seventh series of Sovereign Gold Bonds to Rs. 4,765, which is more than Rs. 412 low. Thus, if you buy 10 grams of Sovereign Gold Bond, you can get a profit of Rs 4,120.

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If you want to buy cheap gold before Dhanteras, the government is offering you the opportunity to invest in Sovereign Gold Bonds for five days from October 25th. Of this, 2.50% fixed interest is paid every year on the investment and no making charges are payable. The interest money reaches the investor’s account each month.

There will be a profit on the purchase of 4120 10 grams as compared to the last Dhanteras
Experts say the price of gold has fallen sharply during the year. The government has hiked the price of the seventh series of Sovereign Gold Bonds to Rs. 4,765, which is Rs. 412 low. Thus, if you buy 10 grams of Sovereign Gold Bond, you can get a profit of Rs 4,120. There will also be a discount of Rs 50 per gram on online purchases and digital payments.

No tax
Any person can buy a minimum value of 1 gram and a maximum of 4 kg of sovereign gold in a financial year. Gains after its maturity period of 8 years are tax free. If you withdraw your money after 5 years, the profit from it will be taxed at 20.80% as long-term capital gain.

You can also invest in these ways

Physical gold Gold can also be invested in the form of jewelry, bars, biscuits or coins. It attracts 3% on the value of the investment. Design and making charges also have to be paid, which is about 10% of the price of gold.

Gold ETFs: There is no investment limit. If you sell it within 36 months, you will have to pay tax on short-term capital gains and profits according to the slab. Long-term capital gains and profits are taxed at 20% if 36 months or more.

Digital gold It can be purchased from PhonePe, Paytm or big brands like Stock Holding Corporation, Tanishq and Commercial Banks. It can be purchased for a maximum of five years. After this, the coins must be exchanged or sold in bars.

Good time to invest
Buying gold in Dhanteras is considered auspicious. In the current global climate, yellow metal has the potential to be a good investment. Concerns over inflation in the world economy. The dollar index is also not gaining momentum and crude oil prices are constantly rising. Gold is getting support for all these reasons. -Ajay Kedia, Director, Kedia Advisory

Expansion

If you want to buy cheap gold before Dhanteras, the government will give you the opportunity to invest in sovereign gold bonds for five days from October 25. Of this, 2.50% fixed interest is paid every year on the investment and no making charges are payable. The interest money goes to the investor’s account every month.

4120 profit on purchase of 10 grams as compared to last Dhanteras

Experts say gold has fallen sharply in a year. The government has fixed the price of the seventh series of sovereign gold bonds at Rs. 4,765, which is Rs. 412 Low price. Thus, if you buy 10 grams of Sovereign Gold Bond, you can get a profit of Rs 4,120. A discount of 50 per gram is also available on online purchases and digital payments.

No tax

Any person can buy a minimum value of 1 gram and a maximum of 4 kg of sovereign gold in a financial year. Gains after its maturity period of 8 years are tax free. If you withdraw your money after 5 years, the profit from it will be taxed at 20.80% as Long Term Capital Gain.

You can also invest in these ways

Physical gold Anyone can invest in gold in the form of jewelry, bars, biscuits or coins. It attracts 3% on the value of the investment. Design and making charges also have to be paid, which is about 10% of the price of gold.

Gold ETFs: There is no investment limit. If you sell it within 36 months, you will have to pay tax on short-term capital gains and profits according to the slab. Long-term capital gains and profits are taxed at 20% if kept for 36 months or more.

Digital gold PhonePe, Paytm or can be purchased from big brands like Stock Holding Corporation, Tanishq and commercial banks. It can be purchased for a maximum of five years. After this, the coins must be exchanged or sold in bars.

A good time to invest

Buying gold in Dhanteras is considered auspicious. In the current global climate, there is good investment potential in yellow metal. Concerns over inflation in the global economy. The dollar index is also not gaining momentum and crude oil prices are constantly rising. Gold is getting support for all these reasons. -Ajay Kedia, Director, Kedia Advisory

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