Taxation of gold and jewellary

• Physical Gold/Silver: Taxed as Capital Gains (STCG at slab rates; LTCG at 20% with indexation after 24 months).

• GST: 3% on the purchase of new jewelry.

• Holding Period: 24 months is the threshold between short-term and long-term classification.

Personal effects like silver gold ware does not attract CG provisions.. in asfar as New IT ACT including.. if they are used for Stock in trade then the provisions of IT act apply 

SGB sovereign gold bonds if they are sold before maturity not redeemed they are capital gains transaction