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SGB for NRIs in Australia

Understanding Sovereign Gold Bond rules for Indians in Australia

NRIs Cannot Invest in SGBs

As per FEMA (Foreign Exchange Management Act) regulations, Non-Resident Indians are NOT eligible to purchase Sovereign Gold Bonds, whether through primary market or secondary market (stock exchanges).

**Can NRIs in Australia invest in Sovereign Gold Bonds?**

**No**. Indians residing in Australia who qualify as NRIs cannot invest in SGBs under FEMA.

**Australia-specific considerations:** - Australia has CGT with 50% discount for assets held 12+ months - Perth Mint offers Australian gold products - ATO requires reporting of foreign income and assets

Key Points for NRIs in Australia

NRIs in Australia CANNOT purchase SGBs under FEMA

Australia CGT with 50% discount after 12 months holding

Perth Mint is a trusted source for physical gold

ASX has gold ETF options

Report Indian investments to ATO

Alternative Gold Investments for NRIs

Australian Gold ETFs

Available

Gold ETFs on ASX (GOLD, QAU, etc.)

AUD denominated, CGT applies

Perth Mint Products

Available

Gold bars and coins from Perth Mint

Trusted source, GST-free for investment gold

Indian Gold ETFs

Available

Gold ETFs through NRI demat account

INR exposure, report to ATO

Sovereign Gold Bonds

Not Allowed

Government of India gold bonds

NOT allowed for NRIs under FEMA

Tax Implications for Australia Residents

  • Australia CGT with 50% discount for 12+ month holding
  • Foreign income must be reported to ATO
  • India-Australia DTAA provides tax relief
  • Interest from India is assessable income in Australia
  • Consult Australian tax advisor for compliance

Important Disclaimer

**IMPORTANT DISCLAIMER:** 1. **NRIs CANNOT invest in Sovereign Gold Bonds (SGBs)** as per FEMA (Foreign Exchange Management Act) regulations. This applies to both primary market (RBI issues) and secondary market (stock exchanges). 2. If you became an NRI after purchasing SGBs as a resident Indian, you may continue to hold them until maturity but should consult a tax professional regarding implications. 3. This information is for educational purposes only and does not constitute legal, tax, or investment advice. NRI regulations are complex and vary by country of residence. 4. Please consult a qualified CA, tax advisor, or legal professional familiar with FEMA regulations and your country's tax laws before making any financial decisions. 5. Information provided is based on our understanding as of 2026 and may be subject to change.

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Frequently Asked Questions

Perth Mint offers high-quality gold products and is a trusted source. However, you don't get the 2.5% interest that SGBs provide. It's good for physical gold exposure.
Dividends/gains from Indian Gold ETFs are assessable income in Australia. You may claim foreign income tax offset for taxes paid in India under DTAA.

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