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Digital Gold Gifting Is Replacing Traditional Cash Gifts
Mobile-based gold gifting is emerging as a modern and convenient alternative to cash.
Digital gold gifting allows users to transfer gold instantly using a recipient’s registered mobile number. The recipient becomes the beneficial owner of actual vaulted gold rather than a voucher or coupon. This method is increasingly popular during weddings and festivals. However, gifts exceeding ₹50,000 to non-relatives may be taxable for the recipient under Indian income tax provisions governing gift transactions.