A view of the sea

Gold Prices: Dubai vs India – Key Differences You Need to Know

Kannada actress Ranya Rao was arrested at Bengaluru airport with 14.2 kg of smuggled gold, following suspicious frequent trips to Dubai

Yes, gold is cheaper in Dubai compared to India, thanks to lower taxes, minimal import duties, and its status as a global gold trading hub

Gold is cheaper in Dubai due to tax-free purchases, no import duties, competitive pricing, and its thriving gold markets

As of September 25, 2024, 24K gold was priced at AED 313.66 (₹7,138.96) per gram in Dubai, compared to ₹8,225 per gram in India

India reduced gold import duties to 6% in July 2024, but strict quantity limits and regulations still apply for imports

Men can bring 20g, women 40g gold duty-free; excess incurs customs, with Aug 2024 imports at $10.06B and a $29.65B trade deficit

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