New Delhi, Oct. 12 -- Gold purchases typically pick up during the festive season in India, with many households buying jewellery, coins and bars for investment or as part of tradition. This uptick demand is often witnessed during Akshaya Tritiya and Dhanteras, as buying gold is considered auspicious on these occasions.

While there is no blanket limit on how much gold a person can legally own, tax authorities may scrutinise holdings if the source cannot be explained. Here's what you need to know about tax rules on cash purchases, PAN requirement and the limits on holding gold at home without having to produce proof.

India does not ban buying gold using cash, but it does restrict the amount that can be accepted in cash in certain circumst...