SaralnamaDhanteras, a Hindu festival, sees high gold sales in India. In 2020, about 40 tons of gold were sold on this day. By 2024, India's annual gold demand reached 802.8 tons, worth ₹5.15 lakh crore. When buying gold, check for BIS hallmark to ensure purity. Digital gold allows online purchase and storage in secure vaults. Buy from trusted platforms for short to medium-term investments. For long-term investment, gold coins or bars are better than jewelry due to lower making charges. Both physical and digital gold attract 3% GST. Capital gains tax applies when selling gold. Consider monthly or quarterly investments for long-term gains. Gold can be bought in children's names or jointly with family members. (Updated 18 Oct 2025, 08:22 IST; source: link)
Key Points
- Dhanteras, a Hindu festival, sees high gold sales in India
- In 2020, about 40 tons of gold were sold on this day
- By 2024, India's annual gold demand reached 802.8 tons, worth ₹5.15 lakh crore