<p>Gold isn’t just an ornament anymore; it’s become a major investment. Did you know you have to pay taxes when you buy and sell gold? </p><img><p>Gold prices in India are soaring. It’s a major investment, but did you know about the taxes? Buying gold jewelry or digital gold has a 3% GST, plus 5% GST on making charges.</p><img><p>Importing gold has a 6% customs duty. Gifts from close relatives are tax-free. Selling gold held over 24 months incurs a 12.5% tax on profit; otherwise, it’s per your tax slab.</p><img><p>Gold ETFs held over 12 months have a 12.5% tax. SGBs are tax-exempt only at maturity. Selling inherited gold also incurs a 12.5% tax. Other sales are taxed per your slab.</p>
