Personal Finance Gold investment explained: How are different forms of yellow metal taxed? Updated : June 08, 2020 01:27 PM IST Gold purchase is not only considered auspicious in India but also it serves as one of the best investment options. These investments generate good returns and are classified as a capital asset for income tax purposes. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.