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Gold - How much money do I actually make?

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       What you see is not what you get!                                     In the last blog , we showed that even though Gold has given better returns in recent times, the long term returns of Gold are still not the best among all asset classes. In that the returns compared were the returns of pure gold vs other Asset class. In this blog, let us understand the difference between the actual returns we make from Gold vs Paper returns based on Gold Prices we see.                              Let us first bring to your notice that our families usually buy gold as Jewelry and not as gold coins or bars. When we buy Gold as Jewelry, there are costs that get added to it, making / wastage charges + Taxes that we have to pay. A friend of mine recently bought a ring and came to me totally surprised that a gram of Gold costs " Rs 5000" !. Back then Gold was selling @ Rs 4200/gram. I was surprised too. It turned out that the Jeweler charged him 20% as sundry charges & ta