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Capital gain on gold purchased abroad

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2013 I have purchased gold in Australia in 2011 and I want to sell it now for purchase of house. How to calculate capital gain because gold was bought by paing AUD and on selling I will get INR
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Amol S Joglekar

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Amol S Joglekar (Expert)
09 January 2013 The rate to be taken is SBI TT selling rate as on that rate.
Even you can take the rate at which you bought the AUD on that date, if any.
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