Is it right time to enter gold etf?

@bikidas2060 @cadence @noobDealer @guest_999 @xuseronline

@MrKool_JJ @malikcool @kukdookoo @AyushiiiVijay

if interested in gold, can also consider buying gold coins online. There may be some good offers in the upcoming sales. 

chai_lover wrote:

if interested in gold, can also consider buying gold coins online. There may be some good offers in the upcoming sales. 

Looking for such offers since last few months, no success
Pls tag me if you find anything

BAT_MAN wrote:

Looking for such offers since last few months, no success
Pls tag me if you find anything

ajio hdfc

BAT_MAN wrote:

Looking for such offers since last few months, no success
Pls tag me if you find anything

tag me too if you find something interesting. Only gold coin not pendant

chai_lover wrote:

ajio hdfc

link pls

BAT_MAN wrote:

link pls

DM’ed

@Ramta_Jogi

BAT_MAN wrote:

@bikidas2060 @cadence @noobDealer @guest_999 @xuseronline

@MrKool_JJ @malikcool @kukdookoo @AyushiiiVijay

I don’t invest in Gold. So can’t comment on it.

I only invest in SGB. I’d hold off till December for more clarity on inflation, economic growth, war related movement in commodity prices and the slowdown in China to pan out. 

physical around spot and sgb though it was lockin period

BAT_MAN wrote:

@bikidas2060 @cadence @noobDealer @guest_999 @xuseronline

@MrKool_JJ @malikcool @kukdookoo @AyushiiiVijay

No views on gold etf?

BAT_MAN wrote:

No views on gold etf?

Sorry bud, not much idea about gold. I remember though there were posts about dimers buying it from Ajio – https://www.desidime.com/discussions/online-gol...

buy older sgb on secondary market, pick the price properly though 😄

BAT_MAN wrote:

No views on gold etf?

Investing around 5-10% of your total investment in gold/silver is recommended anyway.

noobDealer wrote:

buy older sgb on secondary market, pick the price properly though 😄

How?

noobDealer wrote:

buy older sgb on secondary market, pick the price properly though 😄

That won’t give him the tax free capital gains exemption which is the most lucrative feature of this SGB scheme 

BAT_MAN wrote:

No views on gold etf?

paji normal gold se shuru karo. jab vo game pta lag jaegi to etf shetf ki taraf jana

Ramta_Jogi wrote:

That won’t give him the tax free capital gains exemption which is the most lucrative feature of this SGB scheme 

no tax gain if held till residual maturity. Also even if he sells, indexation applies. With inflation flying high, won’t be much

noobDealer wrote:

no tax gain if held till residual maturity. Also even if he sells, indexation applies. With inflation flying high, won’t be much

That’s what i said

Ramta_Jogi wrote:

That’s what i said

i just said buy on secondary, nothing about sale. Anyway, let’s end this discussion here 😄

Look at  Gold BeES ETF from period 2011-2019 you will get the picture 

Ramta_Jogi wrote:

That won’t give him the tax free capital gains exemption which is the most lucrative feature of this SGB scheme 

Tax won’t be applicable if you buy one with more than 5 years left and hold it. Exemption isn’t applicable for less than 5 years anyway

@BAT_MAN https://www.nseindia.com/market-data/sovereign-...

You can purchase any SGB , some at discounted price too…

Altius wrote:

@BAT_MAN https://www.nseindia.com/market-data/sovereign-...

You can purchase any SGB , some at discounted price too…

How
Can you give some steps

Note : Personal view only, Not a recommendation , please do your due diligence

I always have gold as a part of portfolio to hedge and I do it on SIP basis .. biweekly.
You can choose any gold fund if you are using zero commission aps ( Zerodha)
SGB are also traded like shares on stock exchanges , similar to shares but with low liquidity.
The link above shows all the SGB Listed

Example – SGBDC27VII –
SOVEREIGN GOLD BONDS 2.50% DEC 2027 SR-VII 2019-20

This traded with a price of 4730 yesterday

ISIN – IN0020190461 , you can search in your trading account.

https://www.nseindia.com/get-quotes/equity?symb...

thunderguy wrote:

Tax won’t be applicable if you buy one with more than 5 years left and hold it. Exemption isn’t applicable for less than 5 years anyway

That’s what i said

noobDealer wrote:

i just said buy on secondary, nothing about sale. Anyway, let’s end this discussion here 😄

Oh. I meant secondary buying won’t give him tax benefits like CG exemption which is only possible by buying into fresh issue and holding for 8 years till auto redemption.

@thunderguy