Gold: In addition to SGB, Gold ETF, Digital Gold, there is a charge to buy physical gold, know here how much it seems..
The price of gold fell to below Rs 45,000 in March 2021 after rising to Rs 56,000 per 10 grams in August 2020. And now again the speed of gold has increased. There are many options in the market for investing in gold – such as Sovereign Gold Bond, Gold Exchange Traded Funds, Digital Gold and with all these there is an option to buy physical gold. But before investing in each of these options, it has to be understood that how much will be spent on these investments or cost.
Here, understand how much are the fees charged for investing in Gold Bonds, Gold ETFs and Digital Gold and how it will affect your investment.
If you buy physical gold such as gold coins, bars or jewelry, then you have to pay a GST charge of 3 percent, no matter how much money you buy.
Digital Gold: One can buy digital gold through PhonePe, Paytm or Stock Holding Corporation of India. Apart from this, one can also buy gold through the Safe Gold platform.
If you buy from PhonePe or Paytm, you can keep it for a maximum of 5 years. After that you will have to convert or sell it in coins or bars.
If you are on the SafeGold platform, then you can hold it for free for 2 years. After that you will be charged 0.05% of the total gold value per month for every 2 grams of gold.
Gold ETF: You can invest to the best of your ability. But an additional 0.003% of the transaction fee has to be spent on the total turnover value. Apart from this, an 18% transaction fee is also levied on the customer.
SEBI charges a stamp duty of Rs 10 per transaction of Rs 1 crore. However, anyone can get input tax credit in ETF.
Gold bond
It can be purchased from any bank, stock holding corporation of India and post offices. Here you can keep it for a period of 8 years.
These bonds are launched by the Reserve Bank of India. RBI launched the 12th installment of SGB priced at 4,662 / gm on 1 March, and it will give you a fixed return of 2.5 per cent per annum.
Gold Sticks, Coins, Jewelry
You can invest in gold ornaments, bars or coins. You can invest as you wish, but you will have to pay 3% GST on the value. But if you want to sell jewelry, then the amount you get back on gold purity decreases by 10 per cent.
According to Nilanjan Dey, director of Wishlist Capital Services, “Gold is the best medium of investment. Gold ETFs and bonds are two attractive methods of investment. Investing in gold jewelery is also a part of social customs in some states. However, if you want to sell it, investing in gold jewelery also increases the risk of a fall in value. ”
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