Toronto Stock Exchange · Basic Materials
Invest in Contango Silver & Gold stock from India
Indian and foreign residents can buy Contango Silver & Gold (CTGO) shares directly through Paasa.
By Paasa · Updated
Contango Silver & Gold at a glance
- Price
- CA$26.18+CA$0.48 (1.87%)
- Market cap
- CA$846.64M
- Day range
- CA$25.50 – CA$26.67
- P/E
- -6.63
- Dividend yield
- None
- Volume
- 8.25K
- 1 month
- -7.33%
- 6 months
- -21.92%
- YTD
- -21.92%
- 1 year
- -21.92%
- 5 years
- -21.92%
Analyst price targets
- Low
- —
- High
- —
- Median
- —
- Consensus
- —
Ratings: 1 buy · 0 hold · 0 sell. Consensus: Buy.
Published sell-side 12-month targets in CAD, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in Contango Silver & 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 CTGO and buy
Find Contango Silver & Gold by name or by its ticker, CTGO, and place your order.
Why invest in Contango Silver & Gold from India
What Contango Silver & Gold does
Contango Silver & Gold, Inc. is an exploration company, which engages in the development and production of gold and silver assets. It includes producing mines, advanced-stage development projects, and exploration properties on low-capex growth and efficient use of existing infrastructure. Contango Silver & Gold operates in the Gold 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 Contango Silver & Gold stock from India?
Yes. Indian residents and NRIs can buy Contango Silver & Gold (CTGO) shares directly through Paasa. Contango Silver & Gold is listed on the Toronto Stock Exchange, in the Gold industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Contango Silver & Gold dividends taxed for Indian investors?
Contango Silver & Gold trades on the Toronto Stock Exchange but is domiciled in United States, so any withholding on its dividends follows that country's rules rather than those of Canada. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Contango Silver & 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.