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Bringing back gold to India bought in USA

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  • Bringing back gold to India bought in USA

    I am an Indian passport holder and I live in the USA currently under f1 visa doing my Ph.D. at Indiana University.
    I have a question regarding the immigration laws concerning Gold ornaments. I have a gold necklace that is 40.7 grams exactly that I bought in the USA, which I am planning to bring along with me to India when I visit this year. I will be carrying the receipt of purchase along with me as well. I wanted to confirm whether I am allowed to carry that or am I expected to pay any duty on the same. Where should I pay for this and how should I do it? What is the necessary procedure in that case sir.