Conversion of physical gold to e-gold receipt and vice versa won't result in capital gains: FM

​"The conversion of physical gold to Electronic Gold Receipt (EGR) and vice versa is proposed not to be treated as a transfer and not to attract any capital gains," said finance minister Nirmala Sitharaman in her Budget speech for the 2023-24 fiscal.

Conversion of physical gold to e-gold receipt and vice versa won't result in capital gains: FM
​"The conversion of physical gold to Electronic Gold Receipt (EGR) and vice versa is proposed not to be treated as a transfer and not to attract any capital gains," said finance minister Nirmala Sitharaman in her Budget speech for the 2023-24 fiscal.