Buying gold jewellery? Don't forget to do this, else you may invite trouble - All details here
It's a very important news for those buying or planning to buy gold jewellery in future!
It's a very important news for those buying or planning to buy gold jewellery in future! According to a latest development, if you are buying gold jewellery, don't forget take PAN card with you for KYC purposes, else you may invite trouble. As per details available, jewellery shop owners will ask you for photo id proof and PAN card details, if you are buying gold jewellery.
Earlier, the KYC, PAN and photo ID rule was applicable to jewellery over Rs 2 lakhs only.
Giving PAN details for gold purchase was made mandatory by Centre for transactions valued at Rs.2 lakhs and above.
Meanwhile, Gold in the national capital plunged Rs 714 to Rs 50,335 per 10 gram on Thursday, reflecting a decline in global precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 51,049 per 10 gram.
Silver also dipped by Rs 386 to Rs 69,708 per kilogram from Rs 70,094 per kilogram in the previous trade.
In the international market, gold was quoting lower at USD 1,916 per ounce, and silver was flat at USD 27.07 per ounce.
In another development related to the yellow metal, Gold worth Rs 67 lakh was seized from two passengers at the Mangaluru international airport, officials of the Directorate of Revenue Intelligence (DRI) said on Wednesday. The two passengers, who had arrived here from Dubai on Tuesday, were stopped and checked based on a tip-off, a DRI press release said. One of the passengers from Bhatkal in Karnataka had concealed five balls containing gold paste wrapped in adhesive tape in his rectum, the release said. The balls yielded 641.41 gm of gold, it said. The other passenger belonging to Kasaragod in Kerala was found concealing gold in paste form in his underwear with a special pouch, the release said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
06:29 PM IST