If you bring gold within the mentioned limits from Dubai to India without residing in Dubai for up to 6 months, you will be liable to pay an additional customs duty of 36.05%. 24k gold biscuit weighs 50grams approx.
Two things as a ca final student we know is that the 20 grams and 40 grams rule apply only is u stay abroad for more than a year, it's not like u can go to Dubai buy jewellery and come back in a week, secondly it has to be ornamental Jewellery like gold biscuits and ingots don't fall under this exemption so ull have to pay 38.5 percent customs trying to escape 18 percent making charges ☺️
Not 38.5% . It's 44% Also you won't get 20grams or 40grams duty free in today's rate....because there is a value cap of 50000 and 100000 (reference: Baggage rules 2016)
I think it's safe to assume that the suits up there are much more financially qualified to not leave any loopholes in the system. In the amount of hard work needed in all this, u would rather just invest that much money in stock market or real estate 😂
Mr. Sharan I've been following you and I see you're misleading everyone... SGB interest is TAXABLE Only the Capital Gains are EXEMPT. That is the reason MBAs like you should stop giving TAX advise
Im a stock broker exactly what I wanted to say lol Just to add to your point its capital gains exempt only if held till maturity , if u sell them in secondary market it's liable to capital gains tax :)
@@pranavpanikar4963 Good point. Also the gold point is full of flaws. This man better turn his channel something similar to BB than dumping us with ridiculous info.
Sgb is not meant for usage.. it is just paper and for those who want to take advantage of appreciation in gold price over the years but do not want to buy gold
Bro, it's not about the price which people buy gold from dubai. It's the metal used as an aloy. We can't make jewelry out of 24 carret gold as it's fragile. The metal used in UAE to make gold jewelry has a value very close to gold itself. So the product worth is very close to what you buy. You will get a higher exchange rate when you sell it. In india it's a different story. It's cheaper metal which is mixed with gold to make jewelry. Result, you pay gold prize for metals like copper. When you exchange they reduce a huge amount in the name of purity. Check with some one who worked in a jewellery. They can give you more details.
But in India we pay for 22k gold not 24k gold, hence the making charges are adj in gold type variances, if u want gold as investment better buy 24k gold coins in India which have 100% exchange rate without wastage
It's not waste to buy gold ornaments as an investment. Gold gives good returns even after cutting making charges also liquidity of physical gold is highest. I don't go for sovereign gold bond as it has a certain lock-in period.
Compare the returns bro, SGB gives more than double returns compared to ornaments. I'm not against buying ornaments but buying them for investment purpose isn't a good option 🤧
Bhyi nashe me ho kya? Gold is a high powered money and also a global standard for foreign exchange So theres no way a gold bond gonna get DEMONETIZED LMAO Actually come to think of it ,bond isnt a currency or form of money at the first place Its a source of finance ,similar to shares basically paper claims but to govt. It cant get DEMONETIZED 💀 Also anyone around the world can buy indian bonds (T&C apply) Interest payments on bonds is a mandatory expense for govt Gawd i can't believe there are people soo ignorant on earth and still have audacity to comment random bullshit and spread their ignorance on internet I m in 12th yet i have little bit of common sense that gold isnt a currency but a high valued commodity
I'm a goldsmith, don't buy jewelry as in investment but it because you like it and want to wear it. Also we do get paid for our time we work like everyone else so don't ever expect anything to be just the price of materials.
Bro making charges of gold in pc chandra or kalayn near about 30%.. I don't know how you people make this videos with out proper information.. or you did it intentionally?
Why do u think that all Indians are consumers of PC Chandra and Kalyan?People want to buy gold in Dubai because they want it cheaper....so I think it's still better to buy pure gold.Also one has to pay duty at the airport
why woud u not buy the metal instead of paying 4/5 middle mans ! for ur chain 😂😂 just buy the dam bar oz sounds smart the way explain but it's big bull crap soverain gold will never be you're if it's not in you're hands equal to fiat promesse money... this is bad advice
Gold has wastage/making charges in India also which is around 18-20% not only in Dubai. Yes if you want to buy gold as an investment then it's better to go for SGB. But you can't pledge sgb for an emergent money to get gold loan, but rather you can pledge gold for gold loan as and when required.
@@jaikapoor8060 No loan other than Education and Housing ha got Tax benefits.. which loan are you talking about? Absolutely there's no difference between Gold Loan and Loan against the Securities (SGB in this case)
Half cooked details are always very risky. Even if you want to spread financial literacy for different investment options better make a full fledged video explaining Every provision in detail rather than this.
According to Customs Act 1971, You can bring gold in India from outside Indian only if you have been staying outside India for more than one year. Duty Free Gold:- For Male - 20 Gram with maximum value of INR 50000. For Female - 40 Gram with maximum value of INR 100000. P.s. please refer the law before making video.
You are right dude We buy gold not for investment but for luxury and also coz it is tradition in India to buy it on festival or wedding It is similar as buying a car as buying gold jewellery,, Boys love cars, girls love jewellery On the top of that having gold jewellery also give you assurance that you have Saving for hard times
@@what_the_heck_101 except that gold are somewhat profitable and the value increases over a long period of time. Cars, on the other hand are downright terrible investment and depreciates every year. Especially if it's brand new car
In Gold Souks of Dubai, the making charges are as low as 5%. In India also the making charges(often termed as value addition) are 12 to 20% depending on the product. Considering this buying a gold ornament in Dubai is still cheaper compared to India.
Yes it is a waste to buy gold as an investment compared to others but when the economy collapses or world war starts everything that you have will be useless you only survive if you have gold
Habibi is the male version for "my dear" it's commonly used word by Arabs if you are younger to them. For a female they address as HABIBTHI. And if the age is same they use safeeq, which means friend.
the prices even after the making charges in dubai is still cheaper than india + you got to bargain on the making charges rates( for someone looking to buy gold)
We use it in Arabic same exactly as mate, pal, bro. It depends on the context, if there is nothing romantic then it won't be romantic... Actually it can be quite the opposite.... Depending on the tone and intention.
Beware: Above mentioned allowance are for people residing abroad for at least 1 year . Male pax : 20gm cap of Rs50000 Female pax : 40gm cap of Rs100000 Otherwise BCD (BASIC CUSTOMS DUTY) 35%+ SWS(SOCIAL WELFARE SURCHARGE) 10%= TOTAL 38.5% DUTY LIABILITY IS THERE. However if you are coming after atleast 6 months duration - then concession rate of duty is applicable BCD- 7.5% SWS - 10%BCD AIDC-2.5% TOTAL- 10.75% duty in Foreign Currency (usd/aed/riyal etc...) Plzz like so that everyone is aware.
In India also they take Making charges as Dubai but in Dubai as a tourist you get the 5 percent VAT eefund which really makes the difference... Moreover the variety of designs there is far more better than in India
In India also we have to pay making charges and designs are limited.. I bought gold ring from Tanishq recently and making charges were 30% on that ring
😂 bruh who the hell buy gold in tanishq if they want it as investment. Tanishq is an fashion jeweler. If you are looking for investment, go and buy Gold Coins instead. No making charges or wastage charges. Only Dye charges will be there that too around 50 to 100 per gram which is not very high. Plus GST of course.
Forget the 22k and buy the 24k instead with no making. 2) don’t buy it from a retailer, find a wholesaler - you’ll find many in deira and bur dubai. Their rates are way better than the normal prices. Usually about 10-11dhs cheaper per gm
By buying sovereign bonds , we are actually helping economy by keeping money in the system , which other wise would be lying in lockers in the form of Gold ornaments which is of no use.
Gold bonds aren't secure because the banks issued more than they have gold in their walts. So if its crashes. You have a problem. Just buy some physical Gold as an emergency fund and buy stocks like everyone else
Making charge depends on the design..we live in Dubai.. there are designs with making charge starts from 5%, 24k you can buy as coins only. If you are lucky enough customs people will charge you even if it is less than 20g. My hubby brought a necklace last year(it was a Arebic design, making charge was 22%), it was less than 20g, customs people asked to pay 10k at the airport (It was a month end, depends on their mood).
And 52000 Indian gold mein making charges is also flat 15% someone forgot to calculate that but added 18% to gold from Dubai. And sometimes the making charges depends on the different brands and makers.
The yellowness and purity of dubai gold is way better than what we have in here.. I bought it and compared to ours.. and it’s still cheaper in dubai than india, not much but difference is there
You should buy gold coins ... There is no making or any other charges... And while buying chain or ornaments we would get 20 grams of 22 karot gold only , but if you buy 24 k gold coin ... You can make chains or whatever ornaments in India .... With 10 grams of 24 k gold coin , you can make 12 grams weight of ornaments
But you can buy pure gold 24k ..there is no making charge for it ..
If you bring gold within the mentioned limits from Dubai to India without residing in Dubai for up to 6 months, you will be liable to pay an additional customs duty of 36.05%.
24k gold biscuit weighs 50grams approx.
Sgb is 24k gold
@@akshaychaurasiya1309 sgb gold is as real as bitcoin....
Its a value backed by govt assurance, not physical gold
@@hiteshadhikari lol. That's BS comparison. Backed by a gov is not same as not backed by anyone or anything. You can't compare nothing to something.
@@anandt2003 backed by govt or rbi is also not equal to physically having something
On my wedding i will wear the SGB papers😊
😂😂
😂
😂😂😂
lmfao 😂 doooooooooooooooood
😂😂
Two things as a ca final student we know is that the 20 grams and 40 grams rule apply only is u stay abroad for more than a year, it's not like u can go to Dubai buy jewellery and come back in a week, secondly it has to be ornamental Jewellery like gold biscuits and ingots don't fall under this exemption so ull have to pay 38.5 percent customs trying to escape 18 percent making charges ☺️
thank you
Was about to share the same..PPL should not be misled 😅
Exactly.
Not 38.5% . It's 44%
Also you won't get 20grams or 40grams duty free in today's rate....because there is a value cap of 50000 and 100000 (reference: Baggage rules 2016)
I think it's safe to assume that the suits up there are much more financially qualified to not leave any loopholes in the system.
In the amount of hard work needed in all this, u would rather just invest that much money in stock market or real estate 😂
As a CA, I cringe whenever this guy gives tax advice
@@AH-ej3rxgo to a ca for tax advice
@@AH-ej3rxthis is horrible advice, in fact it's misinformation on multiple levels
@@flaminmongrel6955why do you say so ?
thanku. I assume now it's safe to hit the don't recommend this channel button now.
True. I am also a CA. He always gives incomplete information. It's high time people stop consuming finance knowledge from unqualified influencers.
Mr. Sharan I've been following you and I see you're misleading everyone...
SGB interest is TAXABLE
Only the Capital Gains are EXEMPT.
That is the reason MBAs like you should stop giving TAX advise
Haha
👍🏼
U r destroying his only career dude 😂
Im a stock broker exactly what I wanted to say lol
Just to add to your point its capital gains exempt only if held till maturity , if u sell them in secondary market it's liable to capital gains tax :)
@@pranavpanikar4963 Good point.
Also the gold point is full of flaws. This man better turn his channel something similar to BB than dumping us with ridiculous info.
Habibi buy gold biscuit...no making charges
Exactly. And the video is how the influencers portray half baked truths.
Cold biscuits has input duty
@@psatyaharish gold biscuit is illegal to bring from international border or takeoutof india
and when it starts losing its polish...then where will you go
Im learning better from the comment section than the video itself.
2.5 percent interest IS taxable. But the capital gains after maturity of 8 years is tax free.
So I'm technically losing money with the inflation right as well na?!
Seriously😑, buy gold biscuit from Dubai and sell it in India, no tax gains unless you have given your PAN to the buyer.
Your right..I felt sgb is waste for high salary employees
Sgb best way to invest in gold
@@appatakkar6112except gold biscuits and coins don’t come under Ornaments and you have to pay 38% customs duty while escaping the 18% making charges😃
There are jewellery shops in Dubai with 0% making charges also. While most have 5% making charges. 18% will be some fancy shops with unique designs.
Just get a gold brick. There is no need to get designer jewelry
5% is good
when my girl want to wear necklace, i will give her SGB papers
Lol
When my girl want to wear necklace I’ll buy from cash.. or from the Redeemed sgb amount
Sgb is not meant for usage.. it is just paper and for those who want to take advantage of appreciation in gold price over the years but do not want to buy gold
Bro in the video he clearly mentioned the word "investment"
He told investment not jewel
*”I follow Josh Otusanya”*
MWEHEAHEEHA
Lol
@Sidhu Belugewala your name lol
Mwehehehaheheh
True
Lol true 🤣🤣
*FUN FACT: UAE SHOPKEEPER KNOWS RBI BONDS*
Because he follows .•♫•♬•finance with sharon•♬•♫•.
The fact that a salesman in a jewelry shop in Dubai just gave Sharan RBI bond knowledge. Damn.
Again half info missing -
20/40gm gold Exemption available to only those who have stayed abroad for more than 1 year before returning to India.
Bhai plz pin this guys comment
Thanks for saying other side of the story
True. Rule 5 of the Baggage Rules 2016,[Customs Act, 1962].
Video with misleading info. In India making charges can be upto 35%.
Actually he is like us....half-baked that's why he missing half of portion in all videos
I was about to comment this and than find your comment. You are right. U hv to live outside for 1 year to avail this benefit..
Bro, it's not about the price which people buy gold from dubai. It's the metal used as an aloy. We can't make jewelry out of 24 carret gold as it's fragile. The metal used in UAE to make gold jewelry has a value very close to gold itself. So the product worth is very close to what you buy. You will get a higher exchange rate when you sell it. In india it's a different story. It's cheaper metal which is mixed with gold to make jewelry. Result, you pay gold prize for metals like copper. When you exchange they reduce a huge amount in the name of purity. Check with some one who worked in a jewellery. They can give you more details.
Brother asked a very good question.😊
But in India we pay for 22k gold not 24k gold, hence the making charges are adj in gold type variances, if u want gold as investment better buy 24k gold coins in India which have 100% exchange rate without wastage
Brother when we return we get the price for that day 22k Right , what’s the fuss about
@@user_suwjhwhqjakoaoq rate is higher than Dubai here, that's the whole point of the video
That's why buy jewellery with hallmark
In India minimum making charge is 18% on 58000 gold rate. Sir needs better economic classes to know Gold is still cheaper in Dubai
My family owns a jewellery business here in Saudi and we travel to dubai to buy gold from them bcuz of how cheap and good quality it is
Dubai is in UAE, and Saudi is a different country my friend.
@@sridaarks1596bro your English understanding level is very good huh.
You can buy 0% making charges gold too...
But it costs 3% gst in India and there is no interest
@@mandarbuchake2430 but you can wear the gold
Where in Dubai?
@@sra12002 brick kse pehene?
@@MemesthanCZcams make it an ornament
It's not waste to buy gold ornaments as an investment. Gold gives good returns even after cutting making charges also liquidity of physical gold is highest. I don't go for sovereign gold bond as it has a certain lock-in period.
Compare the returns bro, SGB gives more than double returns compared to ornaments.
I'm not against buying ornaments but buying them for investment purpose isn't a good option 🤧
Plus it's better having gold physical rather than a piece of paper, gold definitely going to be very expensive as it's no very limited
@@UserNotFound761 Physical gold stored in RBI. It’s not a piece of paper. It is a legally valid Bond
Also we can wear it duh
@@v.kapoor9367 we are taking personal loans from banks about 15% and they giving 2.5% .
Yea 😮... Suddenly one fine evening they would say that such bonds are invalid... 😢Demonetisation
Bhyi nashe me ho kya?
Gold is a high powered money and also a global standard for foreign exchange
So theres no way a gold bond gonna get DEMONETIZED LMAO
Actually come to think of it ,bond isnt a currency or form of money at the first place
Its a source of finance ,similar to shares basically paper claims but to govt.
It cant get DEMONETIZED 💀
Also anyone around the world can buy indian bonds (T&C apply)
Interest payments on bonds is a mandatory expense for govt
Gawd i can't believe there are people soo ignorant on earth and still have audacity to comment random bullshit and spread their ignorance on internet
I m in 12th yet i have little bit of common sense that gold isnt a currency but a high valued commodity
I'm a goldsmith, don't buy jewelry as in investment but it because you like it and want to wear it. Also we do get paid for our time we work like everyone else so don't ever expect anything to be just the price of materials.
Bro making charges of gold in pc chandra or kalayn near about 30%.. I don't know how you people make this videos with out proper information.. or you did it intentionally?
All the company oultels have highest making charges. Go for local seller who has good reputation and deals in 22k ornaments
True bro....
I have seen a lot of misleading videos related to finance
@@shubham6887 true. Plus if u have great relations with them, u may get better deal.
Why do u think that all Indians are consumers of PC Chandra and Kalyan?People want to buy gold in Dubai because they want it cheaper....so I think it's still better to buy pure gold.Also one has to pay duty at the airport
@@maverick9116 I am just saying few names.. but maximum have 30 percentage making charges..
I went to Dubai last month and bought a gold chain with a making charge of 5%, 18% would be for a sophisticated chain design.
In India also they charge u making charges upto 28% in outlets of Tanishq,Malabar,etc according to the jewellery's design
In India also they charge u making charges upto 28% in outlets of Tanishq,Malabar,etc according to the jewellery's design
why woud u not buy the metal instead of paying 4/5 middle mans ! for ur chain 😂😂
just buy the dam bar oz
sounds smart the way explain but it's big bull crap soverain gold will never be you're if it's not in you're hands equal to fiat promesse money...
this is bad advice
There are many shops that take around 2-5% making charges they look bad but they can be replaced in india
This guy made his own loss lol😂😂
this dude uses psyche out of context so many times
Psyche 🤯🤯🤯🤯🤯🤯
What does psyche mean,why he use the word unnecessarily
@@callme_SRKsupposedly cool words kids use these days to stay in trend
@@callme_SRK well its used when u say something and then do the complete opposite of it to trick a person or smth
Actually it's SIKE not psyche but this dumbass(i'm talking about this yt reels maker) doesn't know the spelling
His dad: son your mum and I are getting a divorce...
Him: "pSyChE"
😂😂😂
another benefit of sgb is that if there's a situation of hyper inflation, other countries will prefer sgb over uranium...
(sarcasm)
In India they charge on wastage plus making charges which goes way much higher than 18%. Buying physical gold comes with its own costs be it anywhere.
Gold has wastage/making charges in India also which is around 18-20% not only in Dubai. Yes if you want to buy gold as an investment then it's better to go for SGB. But you can't pledge sgb for an emergent money to get gold loan, but rather you can pledge gold for gold loan as and when required.
Sovereign bonds can be pledged. Just like shares. There's a concept called as loan against securities.
Maybe we can pledge sgb....but we dont get tax benifit if we pledge it
@@jaikapoor8060 No loan other than Education and Housing ha got Tax benefits.. which loan are you talking about? Absolutely there's no difference between Gold Loan and Loan against the Securities (SGB in this case)
@@shashanknarayan5929 bro I'm talking about tax benifit on ltcg at the time of redemption of sgb
@@jaikapoor8060
Can you mention the relevant income tax rule for it?
I haven't heard of such a provision being a Chartered Accountant also an Investor
Half cooked details are always very risky. Even if you want to spread financial literacy for different investment options better make a full fledged video explaining Every provision in detail rather than this.
True
FYI, there are many shops out there which gives 0% making charges.
never paid a making charge in Dubai. This guy is living in his world
According to Customs Act 1971, You can bring gold in India from outside Indian only if you have been staying outside India for more than one year.
Duty Free Gold:-
For Male - 20 Gram with maximum value of INR 50000.
For Female - 40 Gram with maximum value of INR 100000.
P.s. please refer the law before making video.
Most countries have laws similar to this
Max value 1 lakh means, we can get only some 12 to 13 gm of gold
That’s retarded why can females bring more?
@@lorner0 🤓 so original you aren’t funny just stupid
@@lorner0oma gawd bruh ahh hell nah man
Who invited this kid-
Can we wear that gold bonds in weddings?🙄🙄🤣
You are right dude
We buy gold not for investment but for luxury and also coz it is tradition in India to buy it on festival or wedding
It is similar as buying a car as buying gold jewellery,,
Boys love cars, girls love jewellery
On the top of that having gold jewellery also give you assurance that you have Saving for hard times
Yes you can 😹😹😹 for show off...
Gold Bonds as a Ear rings, Braslett
@@what_the_heck_101 except that gold are somewhat profitable and the value increases over a long period of time. Cars, on the other hand are downright terrible investment and depreciates every year. Especially if it's brand new car
Yes, i do
In Gold Souks of Dubai, the making charges are as low as 5%. In India also the making charges(often termed as value addition) are 12 to 20% depending on the product. Considering this buying a gold ornament in Dubai is still cheaper compared to India.
His wife: You went to Dubai where is my gift?
Sharan: It is not a good investment. 💀
They often remove the making charge, or reduce it to very little in Dubai. So it will still be cheaper than India.
Most of us don't even have a job and passport lol
"It's a waste to buy gold ornaments as an investment" 😂😂😂wah👏👏👏👏👏
Are you drunk?
Yes it is a waste to buy gold as an investment compared to others but when the economy collapses or world war starts everything that you have will be useless you only survive if you have gold
Jusy buy gold coins
@@mouliprakash7525this is true . Literally everything loses value in war or economic collapse , including diamond I heard
@@subratanandy2142diamond is waste. It's just carbon
Looks like Habibi is about to find out the hard way about the difference between paper and metal
Tell me you are sponsored without actually telling me you are sponsored..
Best thing CZcams gave for viewers "#Dont recommend this channel"
Wtf why ?
Because of accent of both the characters 😜
@@Mrigesh007 wow u dumb fuck, I probably have the same accent
@@Mrigesh007 bet your kid does not good accent either.
@@SurenderKumar-sz8bv before good accent you need to have good English so that others could understand.
Regards
Bro you just can't say habibi everywhere habibi meaning is darling 😂
Habibi is the male version for "my dear" it's commonly used word by Arabs if you are younger to them. For a female they address as HABIBTHI. And if the age is same they use safeeq, which means friend.
Lol😂😂😂
I'm not Indian but by far this is the best Indian content I've seen on CZcams. Most are scammy or don't make sense. Props
In gold souk Dubai there are outlets that charge zero percent making charge.
Also making charges are levied on jewellery you buy in India as well
Making charges 18%?, Are you living in lala land 😂😂
In TN, this is the norm for gold ornaments where there is lot of labour involved
@@dinneo1435 indian african peoples in TN
@@mohdahmedpasha493yes we are the oldest civilization next to africa😅
I double dare you to say that line to your wife. 😂 (About investing in gold ornaments is a waste)
How true!! 👍👍
You're just stereotyping women
@@akanshayadav8699 i have not found any girl like you😂
the prices even after the making charges in dubai is still cheaper than india + you got to bargain on the making charges rates( for someone looking to buy gold)
So should I start wearing bonds in party now😂
Lmao he said habibi without even noticing it's meaning
We use it in Arabic same exactly as mate, pal, bro.
It depends on the context, if there is nothing romantic then it won't be romantic...
Actually it can be quite the opposite.... Depending on the tone and intention.
Beware:
Above mentioned allowance are for people residing abroad for at least 1 year .
Male pax : 20gm cap of Rs50000
Female pax : 40gm cap of Rs100000
Otherwise BCD (BASIC CUSTOMS DUTY) 35%+ SWS(SOCIAL WELFARE SURCHARGE) 10%= TOTAL 38.5% DUTY LIABILITY IS THERE.
However if you are coming after atleast 6 months duration - then concession rate of duty is applicable
BCD- 7.5%
SWS - 10%BCD
AIDC-2.5%
TOTAL- 10.75% duty in Foreign Currency (usd/aed/riyal etc...)
Plzz like so that everyone is aware.
Bruh the whole comment section is full of CAs I swear😂
About to type this 😅
"I follow Josh Otusanya"
hwheeiehia
In India also they take Making charges as Dubai but in Dubai as a tourist you get the 5 percent VAT eefund which really makes the difference... Moreover the variety of designs there is far more better than in India
In India also we have to pay making charges and designs are limited.. I bought gold ring from Tanishq recently and making charges were 30% on that ring
😂 bruh who the hell buy gold in tanishq if they want it as investment. Tanishq is an fashion jeweler. If you are looking for investment, go and buy Gold Coins instead. No making charges or wastage charges. Only Dye charges will be there that too around 50 to 100 per gram which is not very high. Plus GST of course.
@@Trafalgar_D_Water_Law__ if I want to buy to invest purpose I will buy gold bond not coin.. and I will even earn interest on that
@@doongirl4256 😂 you don't have the real gold. If the government defaults, SGB is just paper.
Gold jewellery is useless as investment, but gold bars off 10 & 20 grms of 24 Krt are a v.good option ‼️
Stock me jisko paisa nhi daalna zamin me jisko nhi daalna to unke liye to gold investment ho ga hi
Forget the 22k and buy the 24k instead with no making.
2) don’t buy it from a retailer, find a wholesaler - you’ll find many in deira and bur dubai. Their rates are way better than the normal prices. Usually about 10-11dhs cheaper per gm
By buying sovereign bonds , we are actually helping economy by keeping money in the system , which other wise would be lying in lockers in the form of Gold ornaments which is of no use.
If you need money at night urgently your neighbour wont give you emergency money against that Gold bond , always invest in physical Gold .
Stoopid
Then, where do we keep it safe?
@@parameshwariraghavan4861be creative, I guess. 😊
@@parameshwariraghavan4861dont live in a ghetto, and dont go telling people you have it. Or put it in a safe deposit box of a bank.
In Dubai duty free gold, there is no making charges. are you you fooling us?
Making charges for jewellery not for like gold bars and gold biscuits
If you buy gold brick there is no making charges but there is charges on ornaments.. 😊
The 2.5% interest is taxable as income. Returns at the end of the SGB period are not.
The way he pointed at himself 😂😂 I'm in love with him
Lalitha jewellery owner key tough kuduppinga pola😂😂
Gold bonds aren't secure because the banks issued more than they have gold in their walts. So if its crashes. You have a problem. Just buy some physical Gold as an emergency fund and buy stocks like everyone else
It's the purity that people go for not the price. ❤
Making charge depends on the design..we live in Dubai.. there are designs with making charge starts from 5%, 24k you can buy as coins only. If you are lucky enough customs people will charge you even if it is less than 20g. My hubby brought a necklace last year(it was a Arebic design, making charge was 22%), it was less than 20g, customs people asked to pay 10k at the airport (It was a month end, depends on their mood).
~Inflation laughing from the corner~
1. You can just buy gold coins/bars. No making charges
2. even in India most jewelers charge ~20% making charges
And 52000 Indian gold mein making charges is also flat 15% someone forgot to calculate that but added 18% to gold from Dubai. And sometimes the making charges depends on the different brands and makers.
Heheheheh... when my girl want to wear necklace, i will give him SGB papers
😂😂 never invest in gold that you can’t physically hold, it’s all fine till there’s a run and everyone wants their gold
Thanks for letting me know that idiots like you do exist🤣🤣
U can, if the virtual gold is issued by the government
@@DragonStoneCreations lol bro you ever heard the saying just because you can doesn’t mean you should
This is the worst advice 😂
@@vissankiravi2576 whys that?
Fyi- making charges are negotiable in Dubai. They can even be upto 7-8% depending on where you purchase from.
You can buy 24K gold and there are many shops who charge 0 % on making charges.
This is what gets me everytime..
Psyche.. !
imagine going to Dubai and getting your ass handed to you by a gold seller
The interest is taxable. But the amount you would get on maturity is tax free but need to hold for that long
There are lot of places in UAE where you can buy without making charges it's zero and also if you are a visitor you get 5% VAT exempt as well
In which platform we can buy sovereign bonds?
You can wear the gold ornaments. What you do with bonds
The stupidest thing I've ever heard
Come to Hong Kong.. gold is cheaper than Dubai here and also making charge is in pennies.
Got to know about SGB from the CA course 😂
Bhai custom act dubara padho, 20 & 40g ke liye kuch conditions bhi hai.
2.5% interest per annum 🤣🤣🤣.
That's like blocking your own money.
Apart from 2.5% gold price appreciation is always there..
This short video is a scam in itself , there is a difference between entertaining people with incorrect facts vs educating people
India also have making charges on gold jewellery.. which could go upto 20-25 percent
We all need this kind of shopkeepers.
Everybody gangsta until
He realised habibi means wifey and he just called that guy wifey
2.5 percent interest on SGB is not Tax free, it is taxable as per slab.
Go visit to Bhutan and you will get it at the cheapest price. Today gold price in Bhutan for 24 karat gold is 26,878.10 per 10 grams.
Everything was going fine untill the sudden cringe at the end.
Me watching who don't know english 😂😂🔥
Thora sikh lo phir
The best option is there are wholesale gold shop in dubai which sell chains without any design , so making charges will be zero!
That damn cheap always killed me😂
halamathi habibo ❤️
Bro imagine what I thought when the vid started, I had a fright...
Advantage of SGB is you can reduce chain snatchers 😅
The yellowness and purity of dubai gold is way better than what we have in here.. I bought it and compared to ours.. and it’s still cheaper in dubai than india, not much but difference is there
He is my senior🤣🤣in school.. 🙏
Is he the biological son of kamal hasan
😂😂😂 when you pointed finger on you.
You should buy gold coins ... There is no making or any other charges... And while buying chain or ornaments we would get 20 grams of 22 karot gold only , but if you buy 24 k gold coin ... You can make chains or whatever ornaments in India .... With 10 grams of 24 k gold coin , you can make 12 grams weight of ornaments
Thanks bro for your information