Price, Charges & Tax
Tax on Gold — Capital Gains Rules
How physical gold, ETFs, gold funds, digital gold and SGBs are taxed.
Rates as on 29 September 2026 · Updated 29 September 2026
Today’s 22K / 24K (Delhi)
₹13,689 / ₹14,933
per gram, excl. GSTOverview
Since 23 July 2024, long-term capital gains on gold are taxed at 12.5% without indexation. The holding period that makes a gain long-term differs by product. Budget 2026 restricted the tax-free SGB redemption to original individual subscribers who hold till maturity.
| Particular | Details |
|---|---|
| LTCG rate | 12.5% (no indexation) |
| STCG | Slab rate |
| Physical / digital gold | Long-term after 24 months |
| Gold ETF | Long-term after 12 months |
| Gold mutual fund (FoF) | Long-term after 24 months |
| SGB at maturity | Tax-free only for original subscribers held to maturity (from 1 Apr 2026) |
Tax by product
| Product | Long-term after | LTCG | STCG |
|---|---|---|---|
| Jewellery / coins / bars | 24 months | 12.5% | Slab |
| Digital gold | 24 months | 12.5% | Slab |
| Gold ETF | 12 months | 12.5% | Slab |
| Gold mutual fund | 24 months | 12.5% | Slab |
| SGB (sold on exchange) | 12 months | 12.5% | Slab |
| SGB interest (2.5%) | — | Slab rate | Slab |
| SGB redemption at maturity | — | Exempt* | — |
Other tax rules
- PAN is mandatory for purchases of ₹2 lakh or more
- Cash receipts of ₹2 lakh or more in a single transaction are prohibited (Sec 269ST)
- Gifts of gold from relatives are tax-free; from non-relatives taxable above ₹50,000
- Gold received on marriage is tax-free
Frequently asked questions
Is indexation available on gold?
No, not for sales after 23 July 2024.
Are SGBs still tax-free?
Redemption at maturity is exempt only if you subscribed in the original issue and held continuously (Budget 2026).
Gold rates are indicative market references (29 September 2026) and change during the day. Rules on tax, hallmarking and investment products can change — verify with official sources. FinancePortal does not sell gold.