The Dubai Gold Deal: What You Need to Know Before You Buy

Buying gold in Dubai is very cost-effective for Indian consumers. Gold in Dubai is around 11.58% cheaper than in Mumbai, even when import duties are factored in. Indian tourists can carry up to 20 grams (men) or 40 grams (women) of gold duty-free. For amounts above these, customs duty is levied. For residents in Dubai for more than six months, gold worth up to 1 kg can be imported with a duty of 13.7%. Knowing all these regulations can make savings maximized while importing gold to India from Dubai.

 

Source: Business Today, Times Now, ClearTax.