Silver bonanza: Ahmedabad society gifts its members 100g despite soaring prices as Diwali treat

Amidst soaring silver prices, Ahmedabad’s Krishna Co-operative Housing Society gifted 100 grams of silver to each of its 21 members for Diwali. This tradition of sharing prosperity, which previously included a gold gift in 1994, highlights the society’s surplus funds. Other societies have also gifted silver, prompting discussions on tax implications for such assets.