Gold Rules: These rules related to gold will change starting April 1st, having a direct impact on you..

Gold Rules: Several major changes are set to take effect across the country starting tomorrow. These changes include modifications related to gold. The upcoming changes regarding gold are expected to have the most significant impact on individuals who invest in gold through digital channels.

What will the changes be?
Effective April 1st, the government will levy a tax on Sovereign Gold Bonds (SGBs) as well. However, this tax will not apply to every investor. According to available information, this tax will be payable by those who did not purchase the SGBs at the time of their initial issuance. If an individual has held an SGB continuously since its original allotment, they will not be required to pay this tax.

How much tax will be payable?
This tax will be levied based on capital gains. Under the capital gains tax framework, the tax liability will be determined based on whether the gains are classified as short-term or long-term. Currently, if you purchase Silver or Gold ETFs, you are required to pay tax under the capital gains regime; the tax rate applicable depends on whether the gains are short-term or long-term. Now, this very same tax structure will be extended to SGBs as well.

What are the prices in different cities?
City | Gold Price | Silver Price
Patna | ₹146,950 | ₹228,910
Jaipur | ₹147,010 | ₹229,000
Kanpur | ₹147,070 | ₹229,090
Lucknow | ₹147,070 | ₹229,090
Bhopal | ₹147,030 | ₹228,840
Indore | ₹146,890 | ₹228,960
Chandigarh | ₹146,920 | ₹228,670
Raipur | ₹146,860 | ₹228,580

Prices for 24, 22, and 18-carat gold?

City    24-Carat Gold Rate    22-Carat Price    18-Carat Rate
Patna    145,180    133,081.67    108,885.00
Jaipur    145,240    133,136.67    108,930.00
Kanpur    144,290    132,265.83    108,217.50
Lucknow    145,290    133,182.50    108,967.50
Bhopal    145,410    133,292.50    109,057.50
Indore    145,410    133,292.50    109,057.50
Chandigarh    145,260    133,155.00    108,945.00
Raipur    145,200    133,100.00    108,900.00

The market is closed today; therefore, the latest rates have not been updated. The gold and silver prices listed in the table above reflect yesterday's rates. Since the market is closed today, trading will be conducted based on yesterday's prices.

Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.