Gold Investment Marathi News: Jirodha Fund House has given an important information a day before Akshaya Tritiya. Gold in India is not just a symbol of glitter and glamor, but it is an important part of our culture and history. The demand for gold in India has increased significantly in the last 30 years. In 1992 it was 340 tonnes, while by the end of 2024 the figure will increase to more than 800 tonnes.
India leads the world in gold jewelery
In 2024, India will be at the top of the world in gold jewelery! This year, the demand for gold jewelery in India has exceeded 563 tonnes, due to which the total annual demand has increased to Rs 3.6 lakh crore. Gold jewelery in India is not just one ornament but an important part of our culture. From weddings to festivals, Indians buy gold on every occasion of happiness and prosperity.
China and India have the most craze of gold coins in the world.
Gold has become not only jewelery but also a reliable investment means. Whether it is urban or rural, people in India consider it the best way to protect their property. This is the reason that India’s investment in gold coins and bars reached 239 tonnes in 2024, which will be the second largest investment after China. The total value of these investments is ₹ 1.5 lakh crore, which is 60% more than 2023. This shows that Indians are constantly increasing interest in investment.
Gold ETF is an important investment option
Now Indian investors are turning to gold ETFs and related funds to invest in gold. Gold ETF holdings are gold listed by the Gold ETF listed in the Indian stock market. This investment has increased from 21 tons to 63 tonnes, showing that Gold ETF is now becoming an important investment option for Indians.
Gold looks like equity on ETF
Talking about tax on Gold ETF, they are taxed in the same way as equity. If you have invested in Gold ETF for 12 months, long -term capital gains (LTCG) will levy 12.5% tax. At the same time, the short -term capital gains (STCG) are taxed according to the slab rates. At the same time, if you invest in physical gold, LTCG will be taxed at 12.5%, but for this, gold will have to be kept for more than 24 months.
