Toronto Stock Exchange · Basic Materials
Invest in Blossom Gold stock from India
Indian and foreign residents can buy Blossom Gold (BGAU) shares directly through Paasa.
By Paasa · Updated
Blossom Gold at a glance
- Price
- CA$1.31-CA$0.05 (3.68%)
- Market cap
- CA$172.42M
- Day range
- CA$1.30 – CA$1.36
- P/E
- —
- Dividend yield
- None
- Volume
- 31.50K
How to invest in Blossom Gold from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search BGAU and buy
Find Blossom Gold by name or by its ticker, BGAU, and place your order.
Why invest in Blossom Gold from India
What Blossom Gold does
Blossom Gold, Inc. engages in the investigation and evaluation of business opportunities to acquire or participate in. It primarily explores precious metals. Blossom Gold operates in the Other Precious Metals industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Blossom Gold stock from India?
Yes. Indian residents and NRIs can buy Blossom Gold (BGAU) shares directly through Paasa. Blossom Gold is listed on the Toronto Stock Exchange, in the Other Precious Metals industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Blossom Gold shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.