Planning to invest in Gold. Need fellow dimers opinions please
- 595
- 12
-
- Last Comment
Hello fellow dimers and friends, I am planning to invest in gold (10gm or more). I have not yet invested in SGBs, not sure if govt is still providing them. (If you invest in these, pls do share your exp & opinions)
1. But apart from SGB, which would the best way to invest in gold as in to avoid extra making charges, fees, etc?
2. I have seen a few dimers buying gold bars from Amz, Flipkart etc, how safe is that?
3. Will this also attract taxes in my ITR even if we do not encash the investment?
4. What would be the short-term capital gain on gold on a 5-year investment? (we will invest for min 10 years, preferably more - but still want to know how others think gold will perform in next few years)
Any inputs will be highly appreciated.
Diwali is near so gold prices are likely going to be high so maybe will wait to invest.
- Sort By
Gold Bees in demat account
I am aware that there's a 12.5% tax (LTCG) + no indexation benefit on ETF gold
edit : just realized its an old post. so where did you invest ?