gold-and-commoditylisted

# Gold & Commodity Sleeve Read-only. `reference/READ-ONLY-POLICY.md` (hard rule) and `reference/RESEARCH-STANDARDS.md` (peer framework for passive vehicles, data efficiency, completeness checklist, disclosure) apply. Steps name capabilities — resolve each against `reference/BROKER-CAPABILITIES.md`. No broker MCP exposes gold or silver **spot**, an ETF's iNAV, or SGB issue terms, so the reference prices here are web-sourced — label and date each one per the standards. Tax treatment of both SGBs and gold funds has changed in recent Budgets: **verify it live rather than quoting a rate from memory.** ## Steps 1. **Load the plan.** `PORTFOLIO-PLAN.md` — **Target allocation** (the ETF/gold bucket, and which bucket the user counts gold funds in), the **fixed-income inventory** (SGBs are usually recorded there, and no MCP can see them), **Rebalancing rules** (a "never touch" line on an SGB tranche held for maturity is decisive), and the **Income goal**, since the SGB coupon is real income. 2. **Pull live state.** Equity holdings from every active broker — gold and silver ETFs appear as ordinary equity lines; gold FoFs sit in the fund sleeve (**SIP register**, or INDmoney's fund holdings if active). Demat-held SGBs may or may not surface in the holdings payload: check, fall back to the plan inventory, and don't count a tranche twice. One batched LTP call for everything listed. 3. **Establish the reference price** — domestic gold (₹/10g, 24k) and