Think your gold jewellery is a safety net? A CA says you could lose lakhs when selling it

Indian families often see gold jewellery as a financial safety net, but Chartered Accountant Nitin Kaushik warns this can be a costly misconception. Selling jewellery for emergencies can result in significant losses due to making charges, melting, and purity deductions, potentially reducing its value by 18%. Kaushik suggests sovereign gold bonds or pure gold bars for better value preservation.

Raccontata daeconomictimes.indiatimes.com