The All india Sarafa Association reports that despite strong global trends, gold prices in the nation's capital increased by Rs 350 to trade close to a record high of Rs 89,100 per 10 kilos on Monday. On Friday, the 99.9% pure precious gold closed at Rs 88,750 per 10 kilos. From the previous closure of Rs 88,350 per 10 grams, gold of 99.5% purity rose by Rs 350 to Rs 88,700 per 10 grams.
 
 You might try these 5 places for lower gold prices during India's record-breaking prices:
 
Dubai, United Arab Emirates  
The "City of Gold" is a common nickname for the nation.  Because of the reduced taxes and customs, it provides the most economical gold.  Gold is usually 10–15% less expensive here than it is in India.  It is important to note that there is no value-added tax on gold in the United Arab Emirates.  Additionally, there are reduced import taxes, which makes gold more accessible and profitable for indians who are prepared to pay significantly less for it.

Thailand: 
Another well-liked location for buying gold is Thailand, particularly bangkok and Pattaya.  Due in major part to cheaper manufacturing costs and taxes, the nation sells gold jewelry at comparatively lower rates than India.  In Thailand, gold is typically 5–10% less expensive than in India.  The nation has reduced gold tariffs and cheap production costs.  Gold jewelry is readily accessible and has comparatively modest production costs.

Singapore: 
Because of its competitive gold prices and lower taxes, singapore is a popular place to do gold shopping.  Additionally, the nation has a solid reputation for selling premium gold.  Because there is no GST on investment-grade gold in india, prices are around 5-8 percent lower here. Additionally, the country's established gold market allows for competitive pricing.

Malaysia: 
Indian consumers seeking reduced manufacturing costs and taxes are drawn to malaysia, especially Kuala Lumpur, because of its reasonable gold prices.  There are several trustworthy gold stores in the nation with affordable prices.  Because malaysia offers reduced taxes and manufacturing charges for gold, it is around 5–10% less expensive than gold in india, making it more accessible to customers.

Hong Kong: 
Hong Kong is renowned for having tax-free status on precious metals and gold, which drives down prices.  Due to the competitive prices and wide range of possibilities, the nation is a key hub for gold trade, and many indians buy gold here.  Because hong kong has a tax-free policy on gold and precious metals, which leads to more competitive prices and a wider range for purchasers, gold is typically 5–10% less expensive there than in India.

Why does gold cost so much in India?
 
 Import taxes, GST, and manufacturing fees are some of the elements that affect the price of gold, and they often lead to higher costs than in other nations.  Furthermore, the price of gold might change based on developments in the world market.
 
 For indians looking for more reasonably priced gold, these price disparities make nations like Dubai, Thailand, singapore, malaysia, and hong kong alluring choices.  When buying gold overseas, it's crucial to account for extra charges like taxes, tariffs, and travel expenditures.
 
 
 
 
 
 
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SIBY JEYYA

25/02/2025 08:10 AM