This Diwali 2020 is a little different amid the pandemic and while gold buying is deemed auspicious on the occasion of Dhanteras and is said to bring fortune and good luck, at the prices that the precious yellow metal commands currently of around Rs. 50000 per 10 gm, not everybody shall be in a position to take position in it.
Nonetheless, if your pocket still allows you to invest in gold or you are considering it as one of the gifting option, here we lists out the various places where you can get exciting and attractive discounts and other offers:
Under the Dhanteras Shopping Store which is open for last 3 days gold and silver coins with discount of up to 20% are available. The e-tailer is offering coins by weightage i.e. 1, 2gm, 3-5gms and 8gms and above. These gold and silver coin or bar offerings are from various reputed brands including Joyalukkas, BAangalore Refinery and Malabar Gold to name some.
Also festive jewellery is also being offering with discount of up to 50% on making charges.
The Tata group company is offering up to 25 percent discount on making charges for gold jewellery and on diamond jewellery value.
As part of its Happy Waali Diwali campaign, the company on purchase of gold jewellery worth Rs. 50000 and above during Diwali days will be offering a complementary 200 mg gold coin for free.
1 gm free gold coin shall be provided on purchase of diamond or uncut diamond jewellery worth Rs. 1 lakh and above. The offer from South-based jeweler shall be available until November 15, 2020 and will be valid across India except Kerala.
Further on purchase for a minimum price of Rs. 25000 via SBI Cards, customers will be eligible for 5% cashback and the maximum cashback shall be Rs. 2500 per credit card account.
4. Malabar Gold:
The company is advocating One India One Gold rate and on jewellery purchase will offer up to 20% discount on diamond value, while in case of gold jewellery buying will offer free silver equal to the weight of gold jewellery purchase. The special Diwali offer is available between November 5 and until November 15,2020.
5. Paytm: Under Paytm Gold Dhamaka 24K offer on purchase transaction between Rs. 2000 and Rs. 1,00,000, customer will get gold back as per the company's policies.
And for the taxation aspect, when you are gifting gold, recipient does not has any tax liability when he or she receives gold as a gift from blood relations, nonetheless on selling it, capital gains if any realized will result in capital gains tax implication.