Grapevine
Download
News Discussion
News Discussion
on
DerpyDumpling
DerpyDumpling
Stealth

Is buying Gold good investment? And you bought online or offline ?

Post image
11mo ago
Find out if you are being paid fairly.Download Grapevine
PeppyMarshmallow
PeppyMarshmallow
Stealth11mo

I have purchased SGBs in demat format.

DerpyDumpling
DerpyDumpling
Stealth11mo

How much tax we need to pay while Buying and selling?

WigglyHamster
WigglyHamster
TIBCO11mo

No need to pay tax while buying or selling SGB(ie maturity)

SleepyTaco
SleepyTaco
Tatvasoft11mo

If you have ‘cash’, then buy physical (no tax). If you don’t have ‘cash’, then buy SGBs or Gold ETFs (tax is included in purchase value). There will be very small difference in terms of returns in the long term between physical and demat. But you must have allocation to gold in your portfolio, it never depreciates over a long term.

DerpyDumpling
DerpyDumpling
Stealth11mo

Thank you

GigglyPotato
GigglyPotato
Slice11mo

One more thing to keep in mind is gold only gives a good return over the horizon of 5-8 years. For diversification it makes sense to invest in gold, but don't go overboard only invest up to 10% of your portfolio

ZestyPotato
ZestyPotato
Stealth11mo

I can only afford RGB lol

PerkyDumpling
PerkyDumpling
Stealth11mo

I have SGB's

FloatingNoodle
FloatingNoodle
Zomato11mo

Time and again gold has beaten inflation, preferably go for online for safety

Discover more
Curated from across