In India, there is no legal limit on gold ownership, but income tax rules specify amounts that can be held without proof of purchase. These limits, based on CBDT guidelines, are for non-seizure during searches. Married women can hold up to 500 grams, unmarried women up to 250 grams, men up to 100 grams, and HUFs have separate limits. The key is that the source of acquisition, including inheritance, must be explainable if questioned.