GOLD JEWELLERY BILL
Income tax saving: Sold land, house or jewellery? Know how indexation benefit can help you lower your long-term capital gains
Capital gains taxation: You can save your net capital gains tax outgo by using indexation benefits allowed by income tax laws. File ITR now and pay a lower amount of capital gains tax. However do note only long term capital gains are eligible for indexation. Short term capital gains are not eligible for indexation.
Gold prices today: Gold jewellery rates of Kalyan Jewellers, Tanishq, Malabar Gold
Latest gold price of top jewellers in India: The majority of Indians believe that purchasing gold during festival occasions is auspicious and would benefit both individuals and families by bringing money and good fortune.
22KT, 18KT, 14KT gold price today from Indian Bullion and Jewellers Association (IBJA)
Gold prices on Akshaya Tritiya: If an individual is buying gold jewellery, then they should know the prevailing gold price of 22KT, 18KT or 14KT. This is because these are purity karats used for making gold jewellery. Usually, one cannot buy gold jewellery made of 24 Karat of gold. Read on to know the current gold prices.
Gold jewellery cost calculation: How jewellers calculate price of gold jewellery
Jewellers calculate gold jewellery price: While buying gold, many people do not check or know how the final bill amount is calculated by the jeweller for the gold jewellery. Further, some of them are unaware if they are buying 22 Karat gold jewellery or 18 Karat gold jewellery. There is a price difference between 22 Karat and 18 Karat gold jewellery.
Gold price today of 22 Karat, 18 Karat, 14 karat from India Bullion and Jewellers Association
If you are planning to buy gold jewellery, then it is important to know gold prices of 22 Karat, 18 Karat and 14 Karat gold. This is because one can buy gold jewellery of these Karats only. 24 Karat is considered too soft to make the jewellery. Given below are current price of gold of 22 Karat, 18 Karat and 14 Karat from IBJA.
India may need cheaper crude and gold to clear the Diwali smog on its record high trade deficit
India recorded a record-high merchandise trade deficit of $31.5 billion in October, driven by increased imports, particularly the price impacts of commodities like oil and gold, according to research firm Nomura. The deficit widened despite signs of an export cycle bottoming. Nomura attributes the deficit to steady investment demand, measures to control food inflation, and a Diwali effect on demand.
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Gold jewellery price today: Gold rates of Tanishq, Malabar Gold, Joyalukkas, Kalyan Jewellers, top branded jewellers
It's critical to comprehend the gold prices of the gold companies. The following list includes the gold prices for four prominent jewellery companies in the country.
Dhanteras sees double-digit growth in demand for gold jewellery: Titan
“If you look at gold prices between this year and last year, in a similar time period, there is about a 13-14% increase in gold price. It is a combination of everything, rise in both footfall and gold price, which has driven this double-digit growth that we are expecting to see.”
Buying gold this Diwali? 5 tips you should consider before investing
Buying gold during festivities around Diwali is almost an unavoidable ritual for a good number of Indian. However, this involves a serious investment and can have a considerable impact on your wealth building process. Gold investment comes in different forms like bullion, jewellery, digital gold, gold ETF, gold fund, SGB, which have their own nuances. Here are 5 tips which you should consider before investing in gold this Diwali.
Buying gold coins, bars? The jeweller you buy it from is much more important than in case of gold jewellery
Hallmarking is mandatory in case of gold jewellery and artefacts only. Hence, while buying the coin and/or biscuits, it is important to have a trust with the jeweller or any other seller from whom you are buying the gold bullion. Read on to know why it is critical to choose the correct jeweller while buying gold coins.
How to test the authenticity and purity of Gold and Silver using your mobile
On the auspicious day of Dhanteras, the Bureau of Indian Standards (BIS) has launched the 'BIS Care App' to address concerns about the purity of gold and silver jewellery. The app allows users to track ISI and hallmark-certified jewellery, verify the authenticity of hallmarked gold items, and check the purity of jewellery articles.
Three signs to check for purity of gold of BIS hallmarked jewellery
The government has not only made hallmarking of gold mandatory but has also revised the symbols of hallmarking to be inscribed on gold. It is important for consumers to check these three signs (at the time of buying gold) that will verify the purity of gold bought by them. Here is a look at what these three symbols denote.
Holding old, un-hallmarked gold jewellery? Here's what you can do
It is mandatory for jewellers to sell only BIS hallmarked gold jewellery with 6 digit HUID number. Further, the hallmarking symbols have been revised by the government effective from July 1, 2021. However, many people might be holding old, un-hallmarked gold jewellery or hallmarked gold jewellery with old symbols. Read on to know what you can do about it.
Buying gold? Here’s what the correct bill should include
Buying gold jewellery is very expensive as precious metal is very expensive. Hence, it is important that the invoice issued to you by the jeweller has all the required information in case any dispute arises in the future. Read on to know how should a correct gold jewellery bill look like.
Is hallmarking mandatory for silver jewellery, coins?
The government has made hallmarking mandatory for gold jewelley. Further, jewellers can only sell hallmarked gold jewellery irrespective of its purtiy from June 1, 2022 in the notified districts. However, is hallmarking mandatory for silver jewellery and coins as well? Read on to know hallmarking rules for silver and what are other things to keep in mind.
Buying silver jewellery? Know how price is calculated by jeweller, other things to keep in mind
Buying of silver jewellery is cheaper than gold jewellery. During the auspicious days such as Akshaya Tritiya or Diwali, many people buy silver jewellery, coins and artefacts. But not many people understand how jeweller is calculating the price and other things that one must keep in mind. Read on to know what you should check while buying silver jewellery.
10 exquisite jewellery watches for men and women that are worth splurging on in 2023
Jewelled watches are gaining more recognition and value in the market. The gems add intrinsic value to the timepieces, making them investment-worthy and desirable for collectors. Techniques in gem setting have improved, focusing on maximizing brilliance by minimizing the amount of metal surrounding the stones.
India’s exporting more phones and cars, while jewellery and textiles take a backseat; Is this a temporary change or a permanent feature?
India's merchandise exports have experienced a significant shift, with growth in sectors such as electronics, telecom, mobile phones, machinery, automobiles, and petroleum, while traditional export items like gems, jewelry, apparel, meat, and leather have declined. The share of electronics exports rose by 73% from 2015 to 2022, while machinery exports grew by 40%. However, India's overall share in global merchandise exports remains low, signaling the need for more trade agreements and investment in sectors like jewelry and textiles.
GST an engine for driving consumption, helped households save on monthly bills: Govt
The Goods and Services Tax (GST) has helped drive domestic consumption and save households money since its implementation in India six years ago, according to the government. The number of registered taxpayers has also increased significantly since its introduction. Under the GST, a four-rate structure is applied to different types of goods, with a top rate of 28%.
Looking for a gold loan? Here are some tips for getting a best deal on gold borrowing
Gold has become an important asset for borrowing due to its higher prices. Borrowing against gold can provide a quick and easy solution, but the interest rate can vary significantly. To get the best deal on gold borrowing, one can shop around for the most competitive rates, negotiate the interest rate, choose a shorter loan term, and maintain good credit score.
Gold loan: 5 banks offering cheapest gold loan interest rates
These days, obtaining a gold loan is a relatively quick and easy process that requires little documentation, offers flexible repayment terms, and has affordable gold loan interest rates.
Jewellery industry wants Repair Policy to make India a global outsourcing service centre
Vipul Shah, Chairman, GJEPC, said, “Keeping in view India’s inherent skill in making handmade jewellery, we believe that India will outperform in jewellery repair sector also. With this Policy, India has the possibility of taking 10-20% of the world market share, which will bring in billions of dollars of business with high employment potential.”
Current account deficit: Making sense of India's burgeoning import bill
Controlling CAD would call for understanding the nature of the deficit. All these items are income-elastic - imports are likely to increase when any economy is growing. As one of the fastest-growing large economies, India will need more mineral fuels and natural gas to sustain growth.
What a correct gold jewellery bill should include
When you are buying gold (be it jewellery or coins) it is important to ensure that it is hallmarked along with making sure that the bill the jewellery gives you for the purchase has certain critical information. This becomes important to avoid disputes at the time of sale.
14 important FAQs answered on gold hallmarking
Two precious metals, gold and silver, have been brought under the ambit of Hallmarking in India. The BIS website has a list of frequently asked questions about gold hallmarking.
How to calculate long term capital gains of gold jewellery when purchase value is not known
As per income tax laws, an individual is required to pay tax on long-term capital gains accrued from the sale of gold jewellery. One is required to arrive at indexed cost by using the actual purchase value and CII number. Read on to know how to arrive at indexed cost if purchase value is not known.
Consumers must buy only hallmarked jewellery on Dhanteras-Diwali festival: Govt
"The bill or invoice of sale of hallmarked jewellery shall indicate separately description of each article, net weight of precious metal, purity in carat and fineness and hallmarking charges," the statement said.
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