Non-resident Indians (NRIs) who want to invest in gold in India have various options, including physical gold, gold ETFs, and gold mutual funds. However, they cannot invest in Sovereign Gold Bonds (SGBs), which are issued by the Reserve Bank of India (RBI) on behalf of the government.
Physical gold can be purchased from any jewellery store or online platform in the form of ornaments, coins, or bars. Gold ETFs and gold mutual funds are financial instruments that track the price of gold and can be bought and sold through a Demat account on the stock exchange or through a mutual fund house.
What are the restrictions and tax implications for NRIs investing in gold in India?
NRIs investing in gold in India are subject to certain restrictions and tax implications, mainly due to the Foreign Exchange Management Act (FEMA), 1999. According to FEMA, NRIs cannot invest in SGBs, which are designed to encourage domestic investment in gold and reduce the demand for physical gold imports.
SGBs offer interest income and capital appreciation linked to the market price of gold. They also have a nomination facility, which allows an NRI to be designated as a nominee by an Indian resident investor. However, NRIs cannot apply for SGBs directly, and they can only hold them till maturity or early redemption if they had invested in them before becoming NRIs.
NRIs are also liable to pay taxes on the returns from the sale of gold units in India. They have to pay short-term capital gains tax if they sell the gold within three years of purchase, and long-term capital gains tax if they sell it after three years. Additionally, if the value of their gold units exceeds Rs 30 lakh in a given financial year, they have to pay wealth tax on the accumulated wealth.
What are the rules for NRIs to bring gold in and out of India?
NRIs can bring gold in and out of India, subject to certain rules and regulations. According to the Customs Act, 1962, NRIs are allowed to bring gold, free of duty, in their bonafide baggage up to 20 grams with a value cap of Rs 50,000 (in case of a male passenger) or up to 40 grams with a value cap of Rs 1,00,000 (in case of a female passenger).
Gold exceeding these limits will incur customs duty at the prevailing rates. NRIs also have to declare the gold they are carrying to the customs authorities and obtain a receipt for the same.
As for taking the gold out of India, there are no restrictions per se, but the destination of the gold will determine the amount of gold that one can carry out of India. NRIs have to check the import rules of the country they are travelling to and comply with them accordingly. They also have to obtain a certificate of export from the customs authorities in India, which will prove the source and ownership of the gold.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-350x250.png)
