Legal ways of selling old gold

Venkata Suresh (28 Points)

11 June 2025  

Im doing business and im maintaining book of accounts regularly.I want to buy a 30 lakhs worth property in SBI e auction.I don't have enough white money to purchase that property but i have some gold which i got from my ancestors and i don't have any purchase records for this.

Is there any possible ways to sold that gold legally and transfer that amount in my account? and also give some ideas to reduce the tax burden on that amount.

Thank you.