Yes — selling gold in India can attract capital gains tax, but only on the profit you make, not on the full sale amount. Many people assume any cash they receive for old gold is automatically taxable, or wrongly assume it’s completely tax-free because it was a...
No — GST is not charged when you sell your old gold jewellery to a buyer. This surprises a lot of first-time sellers, because GST is something everyone has seen clearly printed on a jewellery purchase bill. It’s natural to assume the same tax applies in reverse....
Yes, in most everyday situations, legal heirs can sell inherited gold jewellery without first having it formally transferred into their own name. Unlike property or vehicles, gold jewellery doesn’t come with a title deed or registration certificate that needs to...
No, a gold purity certificate is not mandatory before you sell your gold. This is a relief for most sellers, since very few people keep hallmarking or purity documents for jewellery bought years or decades ago, especially inherited pieces. A genuine buyer will test...
There’s no single “limit” above which selling gold suddenly becomes illegal or heavily penalised — but there are specific thresholds that change how the transaction must be handled, and what you’re expected to report. Many sellers use the...
Introduction If you’re thinking about selling your old gold jewellery, the first thing you want to know is the current price. The value of old gold changes daily, and the amount you receive depends on multiple factors like purity, weight, and the buyer. In areas like...
Selling old gold is one of the fastest ways to get cash, but many people don’t fully understand how the old gold exchange rate is set or how to negotiate for a better price. Without this knowledge, sellers often accept lower offers and lose money. If you are planning...
When selling gold, many people notice deductions in the final price, and one of the most common is melting charges. This often creates confusion—are these charges fair, or are they just a way for buyers to reduce your payout? Understanding how melting charges work can...
Gold purity plays a very important role in determining the value of gold. Whether you are buying or selling gold, understanding how purity is checked can help you make better decisions. Many people are unsure about how jewellers and gold buyers test gold, and this...
Gold loans are a popular way to get quick funds without selling your valuable assets. But when repayment time comes, many borrowers face a common dilemma—should you sell your pledged gold or repay the loan and take it back? The right decision depends on your financial...
