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If you want to buy digital gold on this Dhanteras, then know these 5 things, it will be beneficial

Dhanteras 2021: Today is Dhanteras and it is considered auspicious to buy gold and silver on this day. In today’s era, if you want, you can buy digital gold on this auspicious day. However, you have to keep some things in mind before investing in digital gold. Know about them:-

where to invest:

  • Investing in digital gold can be done in a number of ways such as gold exchange-traded funds (ETFs), sovereign gold bonds, gold mutual funds and through payment apps.
  • You can use any method but first it is important to get complete information about it.

Transparency and real time updates

  • Transparency and real time updates are a must. If you do not get to know immediately when there is a change in prices, then you may not be able to earn much and right profit.
  • Wherever you invest, find out whether that firm is providing you with transparency and real time updates.

so much tax

  • Buying digital gold also has to pay 3% GST just like gold.
  • If you sell digital gold, the tax will be same as physical gold.
  • If gold is sold within 3 years of purchase, it will be considered as short term capital gain. The profit from the sale will be taxed as per your income tax slab.
  • If gold is sold after 3 years then it will be considered as long term capital gain. 20.8% tax will have to be paid on this.

Know how much to invest

  • Experts believe that there should be limited investment in gold.
  • Only 10 to 15% of the total portfolio should be invested in gold.

Gold gave so much return in 10 years

  • The price of 24 carat gold is currently close to Rs 48 thousand per 10 grams.
  • On November 2011 (10 years ago), gold was at Rs 27,600. That is, gold has given a return of 80% in the last 10 years.

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