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Home > Income Tax > Help Center > Gold for Diwali Last Updated: Dec 28th 2023
Diwali, also known as the "festival of lights," is India's biggest holiday and is enjoyed all over the world. In general, Diwali lasts for five days. It starts with "Dhanteras," which is also called "Dhantrayodashi."
People usually buy gold on Dhanteras because it's a custom and they believe that doing so will bring them wealth and happiness. Some people think of getting gold as a long-term investment.
Indian Diwali investments are dominated by gold. Learn how to invest in gold beyond jewellery, and their risks, performance and factors to consider
This document covers
Gold can be invested in multiple forms and some of them are as follows:
Above are some of the investments in Gold and check Gold Taxability and its Holding Limits for a detailed explanation on what you can hold and how the taxability on such.
Below are the some of the factors that needs to be considered while investing in Gold.
Refer Gold taxability and the holding limitsfor detailed explanation.
Before investing in gold, people should think about all of these things.
Not only is buying gold on Diwali a custom, it's also a good way to invest. People will think it's a good idea when prices are going up and the economy is unclear. When you buy gold around holidays like Diwali, do your study.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.