Can I buy Gold/Silver from my FCNR account ?

POSTED BY uv1international@gmail.com ON November 18, 2013 2:44 pm ONE COMMENT

Hi Manish,

I am holding some funds in FCNR to the tune of approx 100-120 USD. I now want to purchase Gold & silver of this complete amount.

What is your advise ? Will real estate help ?

Thanks & best regards,

Ashfaq

One reply on this article “Can I buy Gold/Silver from my FCNR account ?”

  1. FCNR account is like a deposit account only. SO its better to first transfer the money into your NRE account and then only buy the Gold .

    Manish

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