Gold at Home Under Scrutiny? Supreme Court Explains Rules on Jewellery Ownership
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The Supreme Court has made it clear that despite being allowed to hold gold within the prescribed limit, the accused in cases of disproportionate assets must disclose the source of the gold. The court has set aside the Patna High Court order and directed to retry the corruption case against the Bihar woman.
Gold Silver Storage Rule: In the wake of rising gold and silver prices in the country, did you know that keeping gold in excess of the prescribed limit at home without bills or proof can lead to more problems?
There is a widespread belief that married women can keep up to 500 grams of gold at home without having to show any accounting for it. But the Supreme Court has clarified that this is completely wrong. In a statement issued by the Union Finance Ministry on December 1, 2016, married women can keep up to 500 grams of gold at home.
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