New Found Gold Corp.
New Found Gold Corp. (AMEX: NFGC) is trading at $1.67, about ₹160 at today's USD/INR rate, as of 30 Sep 2026, 9:59 AM ET, down 0.60% today. Indian residents can buy New Found Gold from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$1.67
Today's high
$1.71
52 week low
$1.34
52 week high
$3.59
NFGC opened at $1.69, closed previously at $1.68, and has traded between $1.34 and $3.59 over the past 52 weeks.
About
New Found Gold Corp. operates as a mining exploration company, primarily engaged in identifying, acquiring, and investigating mineral properties, with a specific emphasis on gold deposits. Its operations span the Canadian provinces of Newfoundland and Labrador, and Ontario. The company holds 100% ownership of two significant projects: The Queensway project, located near Gander, Newfoundland, which covers an extensive 151,030 hectares through 86 mineral licenses and 6,041 claims. The Lucky Strike project, an 11,684-hectare site situated in Kirkland Lake, Ontario. Established in 2016, the firm was originally known as Palisade Resources Corp. before officially changing its name to New Found Gold Corp. in June 2017. Its corporate headquarters are located in Vancouver, Canada.
Key statistics
Avg. volume
1.44M
Market cap
$409.54M
P/E Ratio
—
Price-to-sales ratio
—
Enterprise value
CA$898.55M
Free cash flow yield
-5.95%
Debt-to-equity ratio
—
Return on equity
-11.36%
ROIC
-11.42%
Beta
1.66
Dividend yield
—
Last dividend
$0.00
Financial overview
Revenue
CA$5.81M
Earnings per share
-CA$0.21
Free cash flow
-CA$56.93M
Net profit margin
—
Gross margin
—
EBITDA
-CA$47.03M
Revenue growth
0.00%
Similar securities
This is not an investment recommendation
How to buy New Found Gold from India
Indian residents can buy New Found Gold shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for New Found Gold and place an order
Find New Found Gold by name or by its ticker, NFGC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. New Found Gold trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your New Found Gold position in USD and INR. New Found Gold pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in New Found Gold from India
Trading and taxes when buying New Found Gold from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneNew Found Gold does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy New Found Gold stock?
Yes. New Found Gold (NFGC) has been listed on NYSE American since 2020, in the Gold industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one New Found Gold share cost in rupees?
One New Found Gold share is $1.67 — about ₹160 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the New Found Gold price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying New Found Gold from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of New Found Gold?
Yes. One New Found Gold share is $1.67, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in New Found Gold.
How are gains on New Found Gold shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the New Found Gold price. Paasa issues a capital-gains statement for your return.
Does New Found Gold pay a dividend?
No. New Found Gold does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade New Found Gold from India?
NYSE American trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is New Found Gold a United States company, and does that change how it is taxed?
New Found Gold trades on NYSE American in US dollars, but the company is domiciled in Canada. New Found Gold trades as an American Depositary Receipt rather than an ordinary share. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare New Found Gold shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your New Found Gold holding, its cost and its closing value.
How do I sell New Found Gold and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.