Gold prices crossed 38k

Gold prices crossed 38k

216°
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Deal Subedar
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…happy investing to those who bought gold last year from amazon loot….

….I got gold at 2900 per gram after all cb and codes ….

32 Comments  |  
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Deal Subedar
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….due to geopolitical tension we may see gold crossing 40k soon…

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Deal Subedar
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I sold mine last month of value 1500.(collected via paytm goldback non kyc) @ nearly 30000 😔😔

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Deal Lieutenant
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From this global crisis, only gold, silver and btc are best investments. Mutual funds etc would only go down. My best bet would be silver and bitcoin

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Deal Cadet
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Iske piche modi ji ka haath hai..

Ninja tune
Deal Cadet
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Best deal was on Tata cliq 500+15%.
Turn out to be approx 26k.

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Deal Subedar
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…silver is yet to run..n beside its a useful metal in solar cells….m buying silver gradually…..i guess silver will give good return in 5 years…

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Deal Subedar
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nimod wrote:

Best deal was on Tata cliq 500+15%.
Turn out to be approx 26k.

..i missed it…dont know y bt i never open any topic of tata cliq…

….so much distrust on tata cliq….will check it also..

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Deal Cadet
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still_guessing wrote:

..i missed it…dont know y bt i never open any topic of tata cliq…

….so much distrust on tata cliq….will check it also..

It was available last year around Diwali. 5gm gold coin was around 13k-13.5k after all discounts .
Since then tatacliq exclude gold and silver coins from bank discounts during sale.

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Deal Cadet
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Do shops accept phYsical gold easily when we need to sell?

Ninja tune
Deal Cadet
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still_guessing wrote:

..i missed it…dont know y bt i never open any topic of tata cliq…

….so much distrust on tata cliq….will check it also..

And they delivered in an extra secure pack.

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Deal Cadet
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schumacher wrote:

Do shops accept phYsical gold easily when we need to sell?

yes bro
they will give you accordingly to the market rate but you will lose 3% gst which you had paid while purchasing gold

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Deal Captain
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schumacher wrote:

Do shops accept phYsical gold easily when we need to sell?

Never had any issues with 24k gold from good brands when I purchased ornaments from local jewellers known to me.

Was at a large showroom recently (Lalitha Jewellers in Hyderabad), they said they accept it as well without any reduction on market price for 24k gold and the same goes for 22k as well if its 916 hallmarked for 22k.

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Deal Captain
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Anyone knows how exchanging gold bars during purchase of ornaments goes with respect to GST? I have done it a long time ago (4 years back) and didn’t have any clue about how taxes work back then.

Example: If I get an ornament worth Rs. 1,00,000/- I have to pay GST of 3% on it which is Rs. 3000. If I exchange gold worth Rs. 100000 for it, will they adjust the gold value and then bill or they will bill the ornament’s full weight first, add GST and then reduce the gold value of Rs. 100000 from it?

What I want to know is, even if I exchange gold worth the ornament cost will I still have to pay GST on it? I have already paid GST on the gold bar, paying it again on the ornament essentially means I am paying GST twice.

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Deal Cadet
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Is it good time to sell gold coins before

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Deal Newbie
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raghupro wrote:

Anyone knows how exchanging gold bars during purchase of ornaments goes with respect to GST? I have done it a long time ago (4 years back) and didn’t have any clue about how taxes work back then.

Example: If I get an ornament worth Rs. 1,00,000/- I have to pay GST of 3% on it which is Rs. 3000. If I exchange gold worth Rs. 100000 for it, will they adjust the gold value and then bill or they will bill the ornament’s full weight first, add GST and then reduce the gold value of Rs. 100000 from it?

What I want to know is, even if I exchange gold worth the ornament cost will I still have to pay GST on it? I have already paid GST on the gold bar, paying it again on the ornament essentially means I am paying GST twice.

Exchanging commodities also requires you to pay GST.

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Deal Subedar
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raghupro wrote:

Anyone knows how exchanging gold bars during purchase of ornaments goes with respect to GST? I have done it a long time ago (4 years back) and didn’t have any clue about how taxes work back then.

Example: If I get an ornament worth Rs. 1,00,000/- I have to pay GST of 3% on it which is Rs. 3000. If I exchange gold worth Rs. 100000 for it, will they adjust the gold value and then bill or they will bill the ornament’s full weight first, add GST and then reduce the gold value of Rs. 100000 from it?

What I want to know is, even if I exchange gold worth the ornament cost will I still have to pay GST on it? I have already paid GST on the gold bar, paying it again on the ornament essentially means I am paying GST twice.

No what you lose is gst paid at the time of purchase. If you sell it, you won’t have to pay gst (Assuming you are unregistered or household entity)

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still_guessing wrote:

….due to geopolitical tension we may see gold crossing 40k soon…

Geopolitical Tensions plus the festivals incoming could bump it up to 40k, I’ve got my eyes on silver though smile

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Deal Subedar
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varunkumarracer wrote:

Geopolitical Tensions plus the festivals incoming could bump it up to 40k, I’ve got my eyes on silver though smile

…yes i bought silver coins in last some amazon loots….accumulating silver as its a good investment….

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Deal Newbie
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xxScriptzXx wrote:

From this global crisis, only gold, silver and btc are best investments. Mutual funds etc would only go down. My best bet would be silver and bitcoin

How much Btc do you hold now?
How did you plan to sell and what rate?

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Deal Subedar
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India is presently facing worst economic crisis since 1991.
at times of economic crisis, gold always gain in demand and value.

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Deal Cadet
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panchabhut wrote:

India is presently facing worst economic crisis since 1991.
at times of economic crisis, gold always gain in demand and value.

Economic crisis – really? Good joke

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Deal Subedar
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….economic crisis is a big term…we are slowing down and its a concern….add to it the reducing competition in many spheres is unhealthy for the country….

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Deal Subedar
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still_guessing wrote:

….economic crisis is a big term…we are slowing down and its a concern….add to it the reducing competition in many spheres is unhealthy for the country….

unemployment & disguised unemployment at its highest in 28 years. auto sector having first negative growth in 30 years. FMCG facing negative growth first time in 25 years. INR/USD continuously sliding down. loan defaults and NPA at its highest in 25 years. real estate prices going down. fiscal deficit (including the off-budget funding that is not reported in the budget) at an all time high. FII net seller everyday since elections.
need any more indicators?

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Deal Lieutenant
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panchabhut wrote:

unemployment & disguised unemployment at its highest in 28 years. auto sector having first negative growth in 30 years. FMCG facing negative growth first time in 25 years. INR/USD continuously sliding down. loan defaults and NPA at its highest in 25 years. real estate prices going down. fiscal deficit (including the off-budget funding that is not reported in the budget) at an all time high.
need any more indicators?

Logo ko sirf modi dikh raha hai abhi smile noone is talking about these things..paid media..but one day this bubble will also burst ..I am no supporter of cong or BJP..it’s just my personal opinion that prime time debates on news channels must be on these issues..

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Deal Subedar
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panchabhut wrote:

unemployment & disguised unemployment at its highest in 28 years. auto sector having first negative growth in 30 years. FMCG facing negative growth first time in 25 years. INR/USD continuously sliding down. loan defaults and NPA at its highest in 25 years. real estate prices going down. fiscal deficit (including the off-budget funding that is not reported in the budget) at an all time high. FII net seller everyday since elections.
need any more indicators?

…i totally agree with u that at this moment economy is ruined and i also see a mini recession coming…

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Deal Cadet
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panchabhut wrote:

unemployment & disguised unemployment at its highest in 28 years. auto sector having first negative growth in 30 years. FMCG facing negative growth first time in 25 years. INR/USD continuously sliding down. loan defaults and NPA at its highest in 25 years. real estate prices going down. fiscal deficit (including the off-budget funding that is not reported in the budget) at an all time high. FII net seller everyday since elections.
need any more indicators?

370 hat gya na, ZEE news lagake sudhir chaudhary ka DNA dekho.

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