Gold and silver prices are once again experiencing a significant drop, with both precious metals experiencing a two-day crash. Silver futures prices suddenly fell sharply as trading began on the Multi Commodity Exchange on Friday. In just two days, this precious metal has become cheaper by ₹22,000. Gold, on the other hand, has also become significantly cheaper, with the price of 10 grams of 24-karat gold falling to ₹1.46 lakh.

Silver fell by Rs 8,000 at the opening.

Looking at the decline in the price of silver on MCX, the price of silver with an expiry date of July 3 fell to Rs 2,37,572 per kg on the previous trading day and slipped to Rs 2,29,561 per kg at the opening of trading on Friday. Consequently, 1 kg of silver became cheaper by Rs 8,011 in one stroke.

Silver falls by Rs 22,000 in two days. The

silver futures price also saw a significant drop on Thursday, the previous trading day, and continued to fall until the end of trading. Looking at the decline over the past two days, silver closed at Rs 2,51,807 on Wednesday, reached Rs 2,37,572 on Thursday, and Rs 2,29,561 on Friday. Consequently, silver has fallen by Rs 22,246 per kilogram in just two days.

Following the decline in the gold rate , the futures price of gold is also moving in tandem with the silver price and has been steadily declining. The price of 10 grams of 24-karat gold, expiring on August 5th, fell to ₹1,46,252 upon opening, after closing at ₹1,49,309 per 10 grams the previous trading day. This means that gold suddenly fell by ₹3,057.

How much has gold fallen from its high?

Considering the decline in gold prices over the past two trading days, the price of 10 grams of gold was ₹1,53,879 on June 17th, and from there, the precious yellow metal has fallen by ₹7,627. Compared to its high, gold futures crossed ₹2 lakh for the first time in January, and the high for this expiry gold futures is ₹2,04,375, making gold now available ₹58,123 cheaper.

Why did gold and silver suddenly start falling?

If we talk about the reasons behind the Gold Silver Rate Crash, it is related to America. Actually, the US Fed has announced to keep the repo rate stable in the June 2026 meeting, that is, no change was made in the interest rates and they have been kept in the range of 3.50% to 3.75%. However, Fed officials have expressed concern about rising inflation and have expressed the possibility of further increase in interest rates, the effect of which has been seen on the prices of gold and silver as well.

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On Wednesday, the third day of the trading week, gold prices fell in the Indian bullion market. Silver prices rose. However, gold prices remain above ₹123,000 per 10 grams. Silver prices are currently trading above ₹155,000 per kilogram.

According to the India Bullion and Jewelers Association, the price of 916 purity, or 22-carat gold, was ₹113,720 per 10 grams on the evening of November 11th. This has dropped to ₹113,000 on the morning of November 12th. Similarly, gold prices have declined based on purity, while silver prices have increased.

Gold-Silver Price 12 November 2025: Latest Gold and Silver Prices

According to the India Bullion and Jewellers Association, the price of gold remained roughly the same in the evening compared to Tuesday morning, while the price of silver saw an increase. According to the IBJA, the rate of 24-carat gold with 999 purity was ₹124,147 in the morning, which rose to ₹124,149 per 10 grams by evening. Meanwhile, the price of silver rose from ₹154,338 to ₹154,760 per kg.

The prices published by the Indian Bullion Jewelers Association provide standard prices for gold of different purities. All prices are before taxes and making charges. The rates published by the IBJA are accepted nationwide, but do not include GST.

Please note that when purchasing jewelry, gold or silver rates are higher due to the inclusion of taxes. IBJA does not release rates on Saturdays and Sundays, except on holidays declared by the central government.

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Gold has a special significance in our culture. People often like to wear jewellery made of gold on weddings, ceremonies or any special purpose. There is a lot of sale of jewellery made of gold in the country. Many people also buy gold as an investment. Gold has given very good returns to investors in the past years. However, many people are also committing fraud while selling gold these days.

For a long time, such news has been coming out continuously, where people have been cheated in the name of selling gold. In such a situation, if you are also going to buy gold or jewellery made from it, then you need to be cautious. In this connection, today we are going to tell you about some special methods, with the help of which you can identify the purity of gold while buying it. Let’s know –

Whenever you go to buy gold, make sure to identify BIS hallmarking. The method of identifying hallmarking is quite easy. You will not have to face any kind of problems in this.

In real hallmarking, the triangle mark of Bureau of Indian Standards is made on the gold. The purity of gold is written on it. If 375 is written on the hallmark of gold, then the gold is 37.5 percent pure.

If 585 is written on the hallmark, then the gold is 58.5 percent pure. Apart from this, if 916 is written on the hallmark of gold, then it is 91.6 percent pure. On the other hand, gold with 990 hallmark is about 99.0 percent pure.

Apart from the hallmark mark, you should also check the carat. 24 carat gold is 99.9 percent pure. Apart from this, 22 carat gold is 91.6 percent pure. In this way you can find out about the purity of gold.

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Gold-silver price 16 April 2024: Today i.e. on Tuesday, a record-breaking increase in the prices of gold and silver has been seen. The price of 22 carat gold in India is Rs 67,210. So, today the price of 24 carat gold in the market is Rs 73,310. Know what is the latest rate of gold and silver in different cities. Let us tell you that yesterday and today a record breaking increase in the prices of gold and silver is being seen. Know what is the price of gold and silver in which city today…

Jaipur
67,210 (22 carat)
73,310 (24 carat)

Gurugram
67,210 (22 carat)
73,310 (24 carat)

Meerut
67,210 (22 carat)
73,310 (24 carat)

Chandigarh
67,210 (22 carat)
73,310 (24 carat)

Noida
67,210 (22 carat)
73,310 (24 carat)

Delhi
67,210 (22 carat)
73,310 (24 carat)

Gold price in lucknow
67,210 (22 carat)
73,310 (24 carat)

Gold prices in mumbai
67,060 (22 carat)
72,160 (24 carat)

Gold price in agra
67,210 (22 carat)
73,310 (24 carat)

Ghaziabad
67,210 (22 carat)
73,310 (24 carat)

silver prices
Today the price of one kg silver in India is Rs 86,100. For your information, the gold rates mentioned above are indicative and do not include GST, TCS and other charges. You can talk to your local jeweler for exact rates.

How to know the purity of gold
Hall marks are given by ISO (Indian Standard Organization) to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Mostly gold is sold in 22 carat, while some people also use 18 carat. Carat does not exceed 24, and the higher the carat, the purer the gold is.

Difference between 22 and 24 carat gold?
24 carat gold is 99.9% pure and 22 carat gold is approximately 91% pure. Jewelery is prepared by mixing 9% of different metals like copper, silver, zinc in 22 carat gold. While 24 carat gold is luxurious, it cannot be made into jewellery. That’s why most shopkeepers sell gold in 22 carats.

Pay attention to Hallmark
Before buying gold, you must keep in mind the quality of it. Customers should purchase only after seeing the hallmark mark. Hallmark is a government guarantee of gold, the Bureau of Indian Standards (BIS) determines the hallmark. The Hallmarking Scheme operates under the Bureau of Indian Standards Act, rules and regulations.

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Gold Price Today Record High: The new financial year has started from today. Meanwhile, gold prices (gold price today) have reached a new record high. The price of gold and silver is touching the sky. After making a new lifetime high in the global market, gold price on MCX is at a new record in the domestic market too. The price of gold on Multi Commodity Exchange has reached the level of 68890.

Today , the price of gold on Multi Commodity Exchange is at the level of Rs 68890 per 10 grams with an increase of 1.76 percent. Apart from this, the price of silver is also up by 1 percent at Rs 75801 per kg. Gold prices opened with a rise in the domestic market. At the same time, Gold has touched a new record level as soon as it opened.

Effect of Fed’s soft stance

Due to the soft stance of the Federal Reserve in America, gold prices have reached new record levels in the global market as well as in the domestic market. The price of gold in the global market today is at a new lifetime high of $ 2,259 per ounce.

What are the reasons for the rise in gold prices?

At present, geopolitical tension is increasing in Central Asia, due to which gold prices are rising. The effect of the ongoing war between Russia and Ukraine in Europe is visible on gold prices. Apart from this, tension is continuously increasing after Hamas’ attack on Israel.

Amidst all these factors, gold is also getting support from the signals coming from the Central Bank Federal Reserve. In the recent discussion, the Federal Reserve has indicated three cuts in this financial year. At the same time, in India also RBI can cut repo rates about 2 times.

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Gold Silver Rate: On Wednesday, the price of gold rose by Rs 70 to Rs 66,320 per 10 grams in the bullion market of the national capital. HDFC Securities gave this information. In the last trading session, gold had closed at Rs 66,250 per 10 grams. Silver price also increased by Rs 150 to close at Rs 76,650 per kg. In the previous trading session, it had closed at Rs 77,500 per kg.

HDFC Securities expert Saumil Gandhi said that the spot price of gold (24 carat) in Delhi markets was trading at Rs 66,320 per 10 grams, which has closed with an increase of Rs 70 from the previous closing price. He said a weak rupee in the domestic market pushed up gold prices, but demand remained weak.

In the international market Comex (commodity market), spot gold was trading at $ 2,154 an ounce, which is a fall of five dollars from the previous closing price. Spot gold fell to $2,154.24 an ounce as the dollar index rose along with US bond yields. Also, silver was marginally down at $ 24.84 an ounce. In last trading it was at $24.91 an ounce.

Jatin Trivedi, Head of Research, LKP Securities, said gold is trading in a tight range as investors await the US Federal Reserve’s rate cut in the evening.

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Gold-silver price 20 March 2024: Today i.e. on Wednesday, there has been an increase in the price of gold, while there has also been a rise in the prices of silver. The price of 22 carat gold in India is Rs 60,960. So, today the price of 24 carat gold in the market is Rs 66,490. Let us tell you that yesterday and today a record breaking increase in the prices of gold and silver is being seen. Know what is the price of gold and silver in which city today…

Know important things:

For your information, let us tell you that before buying gold, you should have accurate information about the price of gold. To know the price of gold and silver, you can check from the shops of your city. In this article, we are showing the updated day price of gold and silver as gold price.

22 and 24 carat gold price in Delhi

22 carat gold-per 10 gram- 60,960
24 carat gold price-per 10 gram- 66,490

Gold price in Lucknow:

Today in Lucknow, the capital of UP, 22 carat gold per 10 grams is Rs 60,960.
The rate of 24 carat gold per 10 grams in the capital is Rs 66,490.

Gold price in Mumbai

60,810 (22 carat)
66,340 (24 carat)

Gold price in Agra

60,960 (22 carat)
66,490 (24 carat)

Silver Price:

Today the price of one kg silver in India is Rs 77,400. For your information, the gold rates mentioned above are indicative and do not include GST, TCS and other charges. You can talk to your local jeweler for exact rates.

How to know the purity of gold:

Hall marks are given by ISO (Indian Standard Organization) to identify the purity of gold. 999 is written on 24 carat gold jewellery, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Mostly gold is sold in 22 carat, while some people also use 18 carat. Carat does not exceed 24, and the higher the carat, the purer the gold is.

Difference between 22 and 24 carat gold?

24 carat gold is 99.9% pure and 22 carat gold is approximately 91% pure. Jewelery is prepared by mixing 9% of different metals like copper, silver, zinc in 22 carat gold. While 24 carat gold is luxurious, it cannot be made into jewellery. That’s why most shopkeepers sell gold in 22 carats.

Keep in mind the hallmark.

Before buying gold, you must keep in mind the quality of the gold. Customers should purchase only after seeing the hallmark mark. Hallmark is a government guarantee of gold, the Bureau of Indian Standards (BIS) determines the hallmark. The Hallmarking Scheme operates under the Bureau of Indian Standards Act, rules and regulations.

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There has been no softening in the prices of gold and silver even on March 91, 2024. However, due to lack of demand, there has been a decline in the prices of gold and silver in futures trade.

Before buying gold, you should check the price of gold in your city as well as in other cities.

What is the gold price in your city?

According to Good Return website, petrol and diesel rates in your city-

• In Delhi, 24 carat, 10 gram gold is at Rs 66,480.
• In Mumbai, 24 carat, 10 gram gold is at Rs 66,330.
• In Kolkata , 24 carat, 10 gram gold is at Rs 66,330.
• In Chennai, 24 carat, 10 gram gold is at Rs 66,930.
• In Hyderabad, 24 carat, 10 gram gold is at Rs 66,330.
• In Chandigarh, 24 carat, 10 gram gold is at Rs 66,480.

In Jaipur, 24 carat, 10 gram gold is at Rs 66,480.

• The price of 10 grams of 24 carat gold in Patna is Rs 66,380.
• The rate of 24 carat 10 gram gold in Lucknow is Rs 66,480.
• The rate of 24 carat 10 gram gold in Nagpur is Rs 66,330.
• The rate of 24 carat 10 gram gold in Surat is Rs 66,380.
• The rate of 24 carat 10 gram gold in Pune is Rs 66,330.
• The rate of 24 carat 10 gram gold in Kerala is Rs 66,330.
• The rate of 24 carat 10 gram gold in Bengaluru is Rs 66,330.

Gold and silver in futures trading

In futures trade on Tuesday, the price of gold fell by Rs 68 to Rs 65,540 per 10 grams. On the Multi Commodity Exchange, gold contracts for April delivery fell by Rs 68, or 0.1 per cent, to Rs 65,540 per 10 gram on a business turnover of 13,045 lots.

On Tuesday, the price of silver fell by Rs 176 to Rs 75,320 per kg. At the Multi Commodity Exchange, silver contracts for May delivery fell Rs 176, or 0.23 per cent, to Rs 75,320 per kg with a turnover of 25,948 lots.

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What is the price of gold in your city?

24 carat, 10 gram gold is Rs 64,240 in Delhi.

24 carat, 10 gram gold is Rs 64,090 in Mumbai.

24 carat, 10 gram gold is Rs 64,090 in Kolkata.

24 carat, 10 gram gold is Rs 64,690 in Chennai.

24 carat, 10 gram gold is Rs 64,090 in Bengaluru.
24 carat, 10 gram gold is Rs 64,090 in Hyderabad.

What is the price of gold in your city?

• 24 carat, 10 gram gold is Rs 64,240 in Delhi.
• 24 carat, 10 gram gold is Rs 64,090 in Mumbai.
• 24 carat, 10 gram gold is Rs 64,090 in Kolkata.
• 24 carat, 10 gram gold is Rs 64,690 in Chennai.
• 24 carat, 10 gram gold is Rs 64,090 in Bengaluru.
• 24 carat, 10 gram gold is Rs 64,090 in Hyderabad.
• 24 carat, 10 gram gold in Chandigarh is Rs 64,240.
• 24 carat, 10 gram gold in Jaipur is Rs 64,240.
• The price of 10 grams of 24 carat gold in Patna is Rs 64,140.
• The rate of 24 carat 10 gram gold in Lucknow is Rs 64,240.
• The rate of 24 carat 10 gram gold in Nagpur is Rs 64,090.
• The rate of 24 carat 10 gram gold in Surat is Rs 64,140.
• The rate of 24 carat 10 gram gold in Pune is Rs 64,090.
• The rate of 24 carat 10 gram gold in Kerala is Rs 64,090.
• The rate of 24 carat 10 gram gold in Bangalore is Rs 64,090.

Gold and silver in futures trading

On Monday, the price of gold jumped by Rs 47 to Rs 63,610 per 10 grams. On the Multi Commodity Exchange, gold contracts for April delivery rose by Rs 47, or 0.07 per cent, to Rs 63,610 per 10 gram with a turnover of 14,847 lots.

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Many people like to invest in gold. The Gold Savings Scheme run by the government has made the process of investing in gold easier. Financial experts also recommend that every person should invest in gold.

There is a need to be very careful before investing in gold. Actually, investing in gold has advantages and disadvantages. If you are also thinking of investing in gold, then you must know about its advantages and disadvantages.

Benefits of investing in gold

• Today, along with physical gold (jewellery, coins), we can also invest in digital gold. We get very good returns in both of these.
• Any emergency never comes without warning. In such a situation, investing in gold proves to be very helpful. If you invest in digital gold, you get the benefit of interest at the rate of 2.50 percent.
• The government has launched the Sovereign Gold Bond Scheme to promote digital gold. Tax benefits are also available in digital gold.
• Security is a problem in investing in physical gold, but this problem does not arise in digital gold. Digital gold is available in paper or demat format. You can buy it online instantly and selling it is also very easy.

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After implementing the rules of hallmarking on gold last year, the government is continuously expanding it. Now it is possible that all types of jewelers in the country may be brought under the ambit of hallmarking. Till now, these rules are applicable only to jewelers with annual turnover of less than Rs 40 lakh, but now its scope may increase soon.

But there is information that this matter can be discussed in the meeting in the Consumer Affairs Ministry, in which a decision on tightening the hallmarking rules is possible. A decision can be taken to bring all jewelers under the ambit of hallmarking. It is possible that jewelery like Kundan and Jadau may also come under the scope of hallmarking.

Let us inform you that the Bureau of Indian Standards (BIS) has made six-digit ‘alphanumeric’ HUID mandatory for hallmarked gold jewelery from April 1, 2023. Now only 6 digit Alphanumeric Hallmarking is valid. Without this, gold and jewelery will not be sold. Hallmarking with 4 digits has been completely stopped.

There are many districts in the country, which have been kept under the purview of hallmarking. These include 344 districts of the country. These include 17 districts of Andhra Pradesh, 8 districts of Assam, 23 districts of Bihar, Chandigarh, 4 districts of Chhattisgarh, 8 districts of Delhi, 2 districts of Goa, 25 districts of Gujarat, 18 districts of Haryana, 3 districts of Himachal Pradesh,

5 districts of Jammu and Kashmir, 6 districts of Jharkhand, 20 districts of Karnataka, 13 districts of Kerala, 14 districts of Madhya Pradesh, 28 districts of Maharashtra, 9 districts of Odisha, 19 districts of Puducherry, Punjab, 19 districts of Rajasthan, These include 19 districts of Tamil Nadu, 12 districts of Telangana, 2 districts of Tripura, 31 districts of Uttar Pradesh, 5 districts of Uttarakhand and 21 districts of West Bengal.

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Gold Silver Price Today 14 February: Today on Valentine’s Day, you can give gold jewelery to your partner as a gift. Because, this time the price of gold has reduced compared to the last 5 Valentine’s Days. Today, on Valentine’s Day i.e. 14th February, gold has become cheaper by Rs 865 per 10 grams.

Whereas, the price of silver has fallen by Rs 1982 per kg. Today in the bullion market, 24 carat gold opened at Rs 61529 per 10 grams. Whereas, silver opened at the rate of Rs 69060 per kg. Earlier, gold became cheaper by 0.14% on MCX and is trading at Rs 61416 per 10 grams. The future price of silver on March 5 has also fallen by 0.35 percent to Rs 69396 per kg.

Kedia Commodities President Ajay Kedia said that in the year 2018, on Valentine’s Day, the price of 24 carat gold had increased by 1.34 percent. Whereas, it increased by 0.21 percent in 2019 and 0.79 percent in 2020. In the year 2022, the price of gold increased by 1.63 percent and in 2023, it increased by 0.45 percent on 14 February.

Earlier on Tuesday, 24 carat gold had closed at an average price of Rs 62394 in the bullion market. According to the rate of IBJA, 23 carat gold closed at the rate of Rs 62144 per 10 grams. The rate of 22 carat was Rs 57153 and the rate of 18 carat was Rs 46796 per 10 grams. On the other hand, the price of 14 carat gold closed at Rs 36501. Whereas, silver closed at Rs 71042 per kg.

These rates of gold and silver have been issued by India Bullion and Jewelers Association (IBJA). According to IBJA rates, the average price of gold and silver has declined in all the cities including Delhi, Mumbai, Gorakhpur, Lucknow, Jaipur, Indore and Patna. GST and jewelery making charges are not applicable on this rate. It is possible that gold and silver may be costlier by Rs 1000 to 2000 in your city.

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Gold and silver prices continue to fluctuate amid the wedding season. As compared to Wednesday, the trend of gold in the bullion markets is already warmer and that of silver is looking softer. On the other hand, there is softening in the price of gold and silver on MCX.

Today, 24 carat gold became costlier by just Rs 44 in bullion markets and opened at the rate of Rs 61539 per 10 grams. Whereas, its futures price on MCX was trading down 0.20 percent at 61150. Similarly, in bullion markets, silver opened at Rs 75688 with a fall of Rs 573 per kg. On the other hand, silver was trading at Rs 75888 on MCX.

Gold is now cheaper by Rs 200 from its all-time high in bullion markets. Let us tell you that on May 6, the spot price of 24-carat gold had reached an all-time high of Rs 61,739 in bullion markets. GST and jewelery making charges are not applicable on this rate of gold and silver.

Metal latest rate Rs per 10 grams 3 percent GST market rate rate after jeweler’s profit

Gold 999 (24 Carat) 61539 1846.17 63,385.17 69,723.69
Gold 995 (23 Carat) 61293 1838.79 63,131.79 69,444.97
Gold 916 (22 Carat) 56369 1691.07 58,060.07 63,866.08
Gold 750 (18 Carat) 46154 1384.62 47,538.62 52,292.48
Gold 585 ( 14 Carat) 36000 1080 37,080.00 40,788.00
Silver 999 75688 (Rs/Kg) 2270.64 77,958.64 85,754.50

Why gold price fell on MCX: After the release of Labor Department’s report on Consumer Price Inflation in April, gold prices on MCX declined marginally today and came down to 61150. The report showed that its consumer price index climbed 0.4% in April after rising 0.1% in March.

Core consumer prices, excluding food and energy prices, also rose 0.4% in April, matching the increase seen in March as well as economists’ estimates. The annual rate of consumer price growth declined to 4.9% in April from 5.0% in March, while the annual rate of core consumer price growth also declined from 5.6% in March to 5.5% in April. This slight decline matches the estimates of economists.

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It is not necessary that everyone has the ability to buy gold but still we get happiness when its price falls. It is also considered useful to overcome the financial challenges of the family in future. As an investment option, gold can be offered in the form of coins, bars, jewelry or paper or in the form of gold exchange-traded funds (Gold ETFs), sovereign gold bonds (SGBs) issued by the Reserve Bank of India and gold mutual funds (Gold MFs), etc.

You can buy through. But do you know the maximum amount of gold a person can hold in India? Even though most Indian households buy and own gold, they should be aware of the legal limits on how much gold they can hold. The Gold Control Act was established in our country in the year 1968.

This law prohibited citizens from holding more than a certain amount of gold. However, this act was abolished in 1990. At present there is no restriction on the quantity of gold in India but the holder must have valid source and documents related to gold.

Separate limits for both men and women

TradeSmart President Vijay Singhania told CNBC-TV18.com that guidelines have been framed for Income Tax officials at the time of seizure of property during an income tax raid. According to these instructions, jewelery or jewelery cannot be confiscated to a certain extent on the basis of gender and marital status of the person.

How many ornaments can you hold?

A married woman can keep gold ornaments up to 500 grams and unmarried women up to 250 grams without papers. Whereas for men, the CBDT has fixed a limit of 100 grams for each male member of the family, irrespective of their marital status. To this extent gold cannot be confiscated even during raids by the Income Tax Department.

This means that if you have valid sources and documents available to you to keep gold, then there is no limit for this, but these rules have been made only to relieve the taxpayers from confiscation of their jewelery during raids.

What are the tax rules on gold?

Determination of tax on gold investment depends on the period of holding, ie, the period of holding by the taxpayer. If gold is held for more than 3 years, it is taxable as Long Term Capital Gain (LTCG) at 20 per cent (excluding education cess and surcharge) and short term capital gain as applicable to the investor. Taxable at tax slab. Gold ETFs/Gold MFs are also taxable like physical gold.

Whereas in case of bonds, if they are held till maturity, they are tax-free. However, capital gains are payable on transactions of physical gold or ETFs or Gold MFs. The bonds are traded in demat form on the exchanges and can be redeemed after the fifth year. If the bond is sold before maturity, it is taxable at 20 per cent.

The post Guidelines for Gold: You have also kept gold in the house, See the new guideline, otherwise… first appeared on Rightsofemployees.com.

It is not necessary that everyone has the ability to buy gold but still we get happiness when its price falls. It is also considered useful to overcome the financial challenges of the family in future. As an investment option, gold can be offered in the form of coins, bars, jewelry or paper or in the form of gold exchange-traded funds (Gold ETFs), sovereign gold bonds (SGBs) issued by the Reserve Bank of India and gold mutual funds (Gold MFs), etc.

You can buy through. But do you know the maximum amount of gold a person can hold in India? Even though most Indian households buy and own gold, they should be aware of the legal limits on how much gold they can hold. The Gold Control Act was established in our country in the year 1968.

This law prohibited citizens from holding more than a certain amount of gold. However, this act was abolished in 1990. At present there is no restriction on the quantity of gold in India but the holder must have valid source and documents related to gold.

Separate limits for both men and women

TradeSmart President Vijay Singhania told CNBC-TV18.com that guidelines have been framed for Income Tax officials at the time of seizure of property during an income tax raid. According to these instructions, jewelery or jewelery cannot be confiscated to a certain extent on the basis of gender and marital status of the person.

How many ornaments can you hold?

A married woman can keep gold ornaments up to 500 grams and unmarried women up to 250 grams without papers. Whereas for men, the CBDT has fixed a limit of 100 grams for each male member of the family, irrespective of their marital status. To this extent gold cannot be confiscated even during raids by the Income Tax Department.

This means that if you have valid sources and documents available to you to keep gold, then there is no limit for this, but these rules have been made only to relieve the taxpayers from confiscation of their jewelery during raids.

What are the tax rules on gold?

Determination of tax on gold investment depends on the period of holding, ie, the period of holding by the taxpayer. If gold is held for more than 3 years, it is taxable as Long Term Capital Gain (LTCG) at 20 per cent (excluding education cess and surcharge) and short term capital gain as applicable to the investor. Taxable at tax slab. Gold ETFs/Gold MFs are also taxable like physical gold.

Whereas in case of bonds, if they are held till maturity, they are tax-free. However, capital gains are payable on transactions of physical gold or ETFs or Gold MFs. The bonds are traded in demat form on the exchanges and can be redeemed after the fifth year. If the bond is sold before maturity, it is taxable at 20 per cent.

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