From investment point of view, one should invest in bars, coins and not jewellery. You may not get a good price for jewellery because of making and processing charges involved in it.
If you sell gold after keeping it for less than three years of buying it, you have to pay 30% capital gain tax. Tax will be 20% if you sell after three years.
In an interview to CNBC TV 18, Certified Financial Planner Kartik Jhaveri and CNBC Awaaz Commodity Editor Manisha Gupta offer you important things to keep in mind while investing in gold.
Manisha: Some fall in the gold prices is expected in the medium-term. Gold prices have seen a jump of 34% in the last one to one and half years.
Last year, in international markets the average was of $444, while this year we have seen a high of $630. Anytime is good for buying. In near term, the gold has not crossed the $600-mark. If the gold prices touch a low of $595 or $582 in near term, you should definitely buy gold.
If you take a larger view of six months, the gold can fall down to $540 or touch the $640 mark on the upper side.
Should one invest in gold or bars, coins?
Kartik Jhaveri: From investment point of view, one should invest in bars, coins and not jewellery. You may not get a good price for jewellery because of making and processing charges involved in it.
Is there any alternative to investment in gold that also involves trading?
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