How Many Grams of Gold Can I Legally Keep at Home in India?
The amount of gold you can legally keep at home in India depends on your gender and marital status.
- Married women: 500 grams
- Unmarried women: 250 grams
- Men: 100 grams
These limits are for gold jewellery and ornaments. You can keep any amount of gold coins, bars, or other forms of gold, but you may be asked to explain the source of your income if you are carrying a large amount of gold.
It is important to note that these limits are not absolute. If you are unable to explain the source of your income, you may be subject to taxation on the gold you are carrying. Additionally, if you are carrying gold that was purchased with undeclared income, you may be subject to criminal penalties.
It is always best to err on the side of caution and keep your gold holdings within legal limits. If you are unsure about the amount of gold you can legally keep at home, you should consult with a tax advisor.