Countries Where Gold Is Cheaper Than India

18 June, 2024

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Particularly in Dubai, gold is cheaper due to its tax-free shopping and low import duties.

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UAE

Known for its significant gold refining industry, Switzerland offers lower prices thanks to minimal taxes.

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Switzerland

With no sales tax or VAT, Hong Kong provides gold at lower prices compared to India.

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Hong Kong

Singapore has a favourable tax regime for gold purchases, making it cheaper than in India.

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Singapore

Lower import duties and a competitive market contribute to cheaper gold prices in Thailand.

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Thailand

Minimal taxes and import duties help Malaysia offer gold at lower prices than India.

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Malaysia

The absence of sales tax on gold purchases makes it cheaper in Saudi Arabia.

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Saudi Arabia

Like other Gulf countries, Bahrain benefits from tax-free gold shopping, resulting in lower prices.

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Bahrain

Competitive market conditions and lower taxes can make gold prices in the US more attractive.

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United States

Australia, with its local mining industry and lower taxes, often offers cheaper gold prices than India.

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Australia