Can you avoid tax on sale of old gold by investing the proceeds in new gold?

Eshita Gain is a digital journalist at Mint, where she joined in May 2025.

Key points

• Catch all the Instant Personal Loan, Business Loan, Business News, Funds news, Breaking News Events and Latest News Updates on Live Mint.
• Can buying new gold using the proceeds support you save tax – here's what the law states.

What happened

Eshita Gain is a digital journalist at Mint, where she joined in May 2025. She writes on corporate developments, personal finance, markets, and business trends, with a focus on delivering timely and relevant stories to a broad audience. <br><br> While her core beat lies in business and finance, she is not confined to a single niche and frequently explores stories throughout domains, including international relations and policy developments. <br><br> She holds a postgraduate diploma in business and financial journalism by Bloomberg from the Asian College of Journalism (ACJ), Chennai. During her time there, she received rigorous training in tracking financial data, interpreting corporate filings, and reporting on business developments. She has pursued her graduation from St. Joseph's University, Bengaluru in a multi-disciplinary course. Her majors included Journalism, International Relations, peace and conflict studies. <br><br> Eshita has previously worked in digital marketing. It enables her to write SEO friendly copies that are clear and engaging. <br><br> Her primary interest lies in breaking down complex subjects and writing clear, accessible copies that inform readers. She intends to bridge the gap between technical financial language and everyday understanding. Outside the newsroom, Eshita enjoys reading non-fiction, and exploring new places, constantly seeking fresh perspectives and stories beyond headlines.

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The bottom line

For now, can you avoid tax on sale of old gold by investing the remains the part of the story worth watching, and further updates are likely as more details are confirmed.