New Delhi: Due to the increased demand internationally, prices of gold have increased in the domestic market for the second consecutive day. However, the strengthening of the rupee has prevented a major rise in gold prices. In the national capital Delhi’s Sarafa Bazar (Today Gold Rate), the price of 10 grams of gold has increased marginally by Rs 11. At the same time, the prices of silver (Today Silver) have also seen a slight upward trend. On Tuesday, the price of silver has increased by Rs 75 per kg.
New rates of gold – On Tuesday in the bullion market of Delhi (Gold Price Delhi Today 2019), the price of 24-carat gold of 99.9 percent has gone up to Rs. 11 per 10 grams to Rs. 38,771 per ten grams. Earlier on Monday, the price of 10 grams of gold in Delhi increased from Rs 38,648 to Rs 38,698.
In the international market, gold prices are continuously increasing. In New York, gold rose to $ 1,478.20 an ounce and silver to $ 17.02 an ounce.
New price of silver – On Tuesday, the price of one kilogram of silver has increased from Rs 45,535 to Rs 45,610. At the same time, on Monday, the price of one kilogram of silver in Delhi Bullion market was increased by Rs 234 to Rs 45,460.
Why the price of gold and silver should increase – Experts say that due to the strengthening of the rupee, the price of gold has come to a great halt. However, in many reports that have come in the past, the rise in gold prices is being estimated. Internationally, gold prices are estimated to reach $ 2000 an ounce. In such a situation, the price of gold in domestic market can reach 45 thousand rupees per ten grams.
Know all the rules related to how much gold you can keep at home-
(1) There is no limit to keeping gold in the house. A surety bill is an invoice if you buy gold. The invoice will come on the inquiry from the Income Tax Department.
(2) The information of the value of gold kept in the house on income above Rs 50 lakh per annum will have to be given in the return. Fill the price of gold on the option of assets and liability in the return.
(3) Iqnum Tax Department had said in a circular that if someone’s house is scrutinized and gold is found, then he has some limits. Married women are allowed to keep 500 grams of gold. 250 grams of unmarried women and up to 100 grams of men are allowed to keep gold.
(4) Capital gains tax is levied on the sale of gold. Selling gold before 3 years will attract short-term capital gains tax. If you sell after 3 years long term capital gains will be taxed. There will be 20 percent tax liability on this.