Hi all,
I bought HDFC Silver ETF last year when silver was around $30/oz.
Total investment was about ₹6 lakhs, and the current value is roughly ₹20 lakhs.
I’m an NRI, so trying to think this through carefully.
1. Do you think this is a good time to book profits, or does it still make sense to hold silver longer?
2. Since this is a silver ETF (non-equity MF) and the holding period is < 3 years, am I right that gains will be treated as short-term capital gains?
3. Any idea what the actual tax/TDS impact would be for an NRI in this case?
Would appreciate views from people who’ve dealt with commodity ETFs or NRI taxation. Thanks.