The other day, I accompanied my wife to buy a small earring set for about Rs 58 K -#my2cents on the experience
Scanning through the bill, I saw
So, why do Indian families continue to 'invest' in Gold Jewelery ?
Scanning through the bill, I saw
- Rs 12,800 making charge (seems high) and
- CGST+SGST of about 843 each
- So, a 'loss' of Rs 14,500 (about 25%) right out of the door that would take a few years to recover from
So, why do Indian families continue to 'invest' in Gold Jewelery ?