India, the world’s biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
gold tax rate
Gold Update – When You Purchase Gold, You are Charged Goods and Service Tax (GST)
Gold Silver Reports (GSR) – It should be noted that when you purchase gold, you are charged Goods and Service Tax (GST) at 3% on the value of gold plus making charges, if any. Since India imports much of its gold, the domestic gold price tracks the dollar-denominated international gold prices closely.
Happy Akshaya Tritiya 2019, Tuesday, 7 May 2019 – Gold Silver Reports
Happy Akshaya Tritiya 2019 – The festival has fallen today on May 7, 2019 which is considered to be the most auspicious day for Hindus. It is believed that the day brings good luck and success. People buy gold on this day as buying gold brings prosperity and more wealth.