Tax on Selling Gold and Silver, by Country

Whether you pay tax when you sell gold depends on where you live: the US taxes long-term gains on gold and silver as collectibles at up to 28%; the UK exempts sovereigns and Britannias but taxes other gold at 18% or 24%; India taxes gold held over 24 months at 12.5%; Canada taxes half the gain and Australia halves gains after 12 months; the UAE and Saudi Arabia (for nationals) don't tax individuals' gains. Choose a country for the details.

Facts checked 26 October 2026 · Not financial, legal or tax advice

Choose a country

United StatesCollectibles rate, max 28%United KingdomSovereigns and Britannias CGT-free; 18%/24%India12.5% after 24 months CanadaHalf of the gain taxable AustraliaCGT, 50% discount after 12 months UAENo personal income tax PakistanSlab rates; no loss relief Saudi ArabiaNo income tax for Saudi nationals

Tax on Selling Gold: FAQ

Do you pay tax when you sell gold?

In most countries, yes, on the gain (the sale price minus what you paid), but not in the UAE or, for Saudi nationals, in Saudi Arabia. Some coins are exempt, such as UK sovereigns and Britannias.

General information about the rules for individual investors, checked October 2026. Tax depends on your circumstances and residence; check with the tax authority or an adviser. Not tax advice.