Budget 2026: PAN-Aadhaar Limit on Gold Purchases May Be Revised Amid Rising Prices

G GOWTHAM
With gold prices surging, the upcoming Budget 2026 may propose changes to the PAN-Aadhaar reporting limits for gold purchases. Here’s what you need to know:

1. Why the Change is on the Cards

The government monitors high-value gold transactions to prevent tax evasion and black money. Rising gold prices have increased the risk of under-reporting, prompting a potential revision in limits.

2. Current PAN-Aadhaar Threshold

  • Currently, purchases above ₹2 lakh require PAN card details.
  • Aadhaar may be mandatory for tracking purposes, depending on the seller and transaction mode.
3. Proposed New Limit

Though not officially confirmed, insiders suggest:

  • The new threshold may be increased to reflect inflation and current gold prices
  • Could ensure large transactions are reported, but small buyers are not burdened
4. Impact on Buyers

  • Regular consumers buying gold for weddings, festivals, or investment may data-face less paperwork if the threshold rises
  • High-value buyers will continue to report PAN-Aadhaar to ensure compliance with tax laws
5. Impact on Jewelers

  • Jewelers may need to update billing systems and verify PAN-Aadhaar for high-value sales
  • Helps formalize gold transactions and reduce cash-based trade
6. Boost for Tax Compliance

The revision data-aligns with the government’s digital tracking and transparency initiatives, ensuring:

  • Better monitoring of precious metal sales
  • Reduced black money circulation in the gold market
7. Awaiting Budget 2026 Confirmation

The final limits and rules will be officially announced during Budget 2026, expected in february 2026. Until then, current PAN-Aadhaar limits remain applicable.

8. Bottom Line

With gold prices on the rise, Budget 2026 may tweak reporting rules to strike a balance between tax compliance and convenience for buyers.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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