Buying, Selling Gold And The Taxes

We Indians are emotionally attached to Gold hence we accumulate gold not only because of its high traditional value but it also scores the highest in terms of liquidity, compared to all other investments. But, have you ever thought about how much taxes are levied on buying and selling Gold? Though, approximately 90 per cent of the gold jewellery traded…

Is August The Golden Month For Gold?

‘Gold Is Gold, Never To Be Sold’. And truly, since ages Gold has been one commodity which has managed to beat inflation and give higher returns apart from the usability quotient. Gold as we all known holds a lot of traditional, religious and also some prestige-related values in India. People buy or gift Gold during ceremonies or as an auspicious…

India’s Appetitie For Gold Rises

High Inflation, Higher Gold Prices or Booming Stock Markets, it does not matter. In India, when it comes to Gold it’s always the most preferred mode of investment. A lot has spoken and written about Gold as investment class, safe asset and Indian cultural connect with the yellow shiny metal. At the start of this month, Gold prices in India…

Gold Prices Down 2.2% in India in H1-2014, While up 3.2% in the US

As the curtains were drawn on the first half of the calendar year 2014, a flashback to the Gold prices reveals a divergent trend between the prices in India and United States (US). For the records, the MCX Gold futures (Indian Gold Prices) for 24 karat Gold have declined by 2.2 per cent (Rs 646) to Rs 27,776 in the…

Today Gold Price in India is at 10-month Low

Significant back-to-back losses in the last four weeks in the back-drop of subdued trend in the international Gold prices and some cheer factor for the jewellery makers back home have pulled down Gold prices to 10-month lows. The Indian government recently eased the import norms for Gold by allowing more players – like trading houses, co-operative banks and other nominated…

Jewellery Makers, Retailers Cheer RBI Move on Gold Imports

Indian retailers and jewellery makers have a reason to cheer, as easing Gold prices are likely to bring lot of relief to upcoming heavier expenses during this wedding season in India. The Reserve Bank of India timing on removing the import curbs and allowing new players to import Gold under the 20:80 scheme could not be timed better. As per…

Akshaya Tritiya – An Auspicious Day

For Gold lovers today is the special day, as jewellery makers across India offer various forms of discounts and freebies to woo the Indian buyers of Gold. Today is Akshaya Tritiya – the holy or festival day for Hindus and Jains – which falls on the third day of the bright half (SuklaPaksham ) of Vaishakh month (April-May), when the…

Gold Prices Going Downhill, Is it Time to Buy Gold?

After a fairly positive start to the year, Gold prices have been declining off late mainly on two counts – one the US Federal Reserve decision to cut stimulus for the US economy by another $ 10 billion, and the other a technical sell signal as per the daily charts. At the start of the calendar year the forecast was…

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