People give different types of gifts at the time of marriage. Many relatives prefer to give gold. Because it is considered a safe investment. When the situation in the world economy is not balanced, then people run towards safe investment gold. Therefore people also like to give it as a gift. Another reason for giving it as a gift is that the price never falls.

How much tax will have to be paid?
If the value of the gold item or jewelry received as a gift is more than Rs 50,000, then it is considered Income from Other Sources. Therefore it becomes taxable. However, if gold is gifted by a close relative, then it becomes tax-free. These relatives include-

Parents

Mother-in-law-father-in-law

Siblings

Life partner

Grandparents or maternal grandparents etc.

These facts came to the fore in the ICRA report.
ICRA said in its report that the demand for gold jewelery (based on value) may increase by 12 to 14 percent in the financial year 2025-26. However, people are now buying gold in less quantity. For example, if someone was buying 20 grams of gold earlier due to low price, then now due to rising price, he has reduced this quantity to 10 grams.

The report further said that people have now started buying coins and bars made of gold in large quantities. In the financial year 2025-26, there will be a 10 percent increase in the purchase (quantity) of coins and bars. Last financial year, it registered an increase of 25 percent. According to the report, after this increase, the share of coins and bars in total gold sales will increase to 35 percent.

Even after the rising price, people are preferring to invest in gold. Because uncertainty is increasing in the world economy, people are moving towards gold as a safe investment.

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