There are different ways in which you can hold gold One is Sovereign Gold Bonds, and the government has been issuing it
The government did not want investors to buy physical gold because that is a very unproductive way of owning any asset
If you bought a Sovereign Gold Bond and held it till its majority, for eight years, because all these bonds were issued for an eight-year term, the appreciation was not taxed Second, you also got a 2.5% annual interest on this
So, nothing like it You were able to ride the price of gold You were able to get 2.5% more than that And for eight years, whatever the appreciation, that was completely tax-free What has happened is that because gold prices have gone up so dramatically,
SGBs are no longer coming at that periodicity And it looks like it may not It looks like the government is discontinuing You can still buy them because it's listed in the market Buying from the market is no longer an option because the market price is at an 8 to 10% premium to the gold prices So, it doesn't make sense to be buying at that kind of premium