Gold/Silver New Rules: Starting April 1st, some major changes are underway regarding gold and silver investments and the benefits they offer. These rules will not only affect the value of your investments but also your tax planning and ability to obtain loans.

Gold/Silver New Rules:  Starting April 1st, some major changes are underway regarding gold and silver investments and the benefits they offer. These rules will not only affect the value of your investments but also your tax planning and ability to obtain loans.

Now the price will be decided by ‘domestic’ rates, not foreign rates.
Till now, the prices of Gold and Silver ETFs (Exchange Traded Funds) were mainly decided on the basis of international standard (LBMA). But as per the new rules of SEBI, from April 1, their value will be based on ‘domestic spot price’ of Indian exchanges. The advantage of this will be that investors will know the actual price of the Indian market and the impact of international prices and currency fluctuations will be less.

Meanwhile, for those who consider investing in digital gold or Sovereign Gold Bonds (SGBs) safer than physical gold, this news is extremely important for you. The government is now preparing to bring the benefits of digital investing under the tax net.

What is the new tax math? Till now many investors considered sovereign gold bond to be very economical on the tax front, but under the new rules, now capital gains tax will have to be paid on SGB as well. However, the relief is that this rule is not the same for everyone. Investors who have been holding the bond since its issuance will continue to be exempted from this tax. This wrath will mainly fall on those who have bought the bond from the secondary market. In this, tax will be levied on the basis of short term and long term capital gains, just like it is currently levied on gold and silver ETFs.

Market situation: What are the prices of gold and silver in your city? There has been no new change in the prices due to the market being closed today, hence the trading is currently based on yesterday’s old rates. The price of 24 carat gold has crossed the level of Rs 1.45 lakh per 10 grams in the major cities of the country. In Bhopal and Indore, 24 carat gold was seen at the most expensive level of Rs 1,45,410, while the shine of silver also remains close to Rs 2.29 lakh per kg.

Analyzing prices by carat, based on purity, 22-carat gold is priced around ₹1.33 lakh in cities like Lucknow and Kanpur, while 18-carat gold is available for around ₹1.09 lakh. Prices in Raipur and Patna are slightly lower than other metropolises. New tax rules, which come into effect tomorrow, could significantly alter investor strategies, especially those who turn to digital gold for short-term profits.