Buying gold in Indianapolis, IN
Indiana does not charge sales tax on qualifying gold bullion and coins. Jewelry is taxed at the 7% state rate plus any local tax. The combined state and local sales tax rate in Indianapolis is about 7%.
Gold has one national spot price in US dollars: the prices on this page are the same as on the gold price in the United States page. What differs in Indianapolis is tax, explained below and on the Indiana page.
Sales tax on gold in Indianapolis
Not on investment bullion. Only IRA-eligible items are exempt: American Eagles and other coins permitted under IRC 408(m), all U.S. legal tender, and bullion meeting minimum fineness (gold 99.5%, silver 99.9%, platinum and palladium 99.95%). Non-IRA collectible coins such as Krugerrands, lower-purity bullion and foreign currency are taxed at 7%. Jewelry is taxed like other goods at the 7% state rate plus any local tax. The combined state and local rate is about 7% here.
Full state rules: gold price and tax in Indiana.
Tax when you sell gold in Indiana
Profits on gold are generally taxed by Indiana like other investment gains, under its income tax rules. At the federal level, the IRS treats bullion and most gold coins as collectibles: long-term gains (assets held more than a year) are taxed at your ordinary rate, capped at 28%, and short-term gains as ordinary income.
Buying and selling rules in Indiana
Anyone in the business of selling coins or bullion must register as a retail merchant, even if the items are exempt. Dealers report a customer's sale to the IRS on Form 1099-B only for certain forms and quantities, such as 1-kilo gold bars, 1,000 ounces of silver bars or 25 or more Krugerrands or Maple Leafs; American Eagles and smaller lots are generally not reported. Any business that receives more than $10,000 in cash in one transaction or related transactions files IRS Form 8300. Bring a photo ID when you sell.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.