Beyond Dubai: 5 Countries Where Gold Is Surprisingly Cheaper

Gold prices have crossed record levels this year. 24-carat gold has become exceptionally expensive and is priced at ₹1,25,000 per 10 grams in India. There are many countries in the world where gold is still available at cheap prices. Let’s learn about 5 countries apart from Dubai, where gold is available at cheaper prices than in India.

In Dubai, the price of 24-carat gold is priced at approximately ₹1,14,740 per 10 grams. Due to its low tax and import duty, the city has become a favourite destination for Indians to purchase gold, particularly during festivals.

In the US, 24-carat gold is priced at around ₹1,15,360 per 10 grams. The prices are lower compared to India due to a balanced tax policy and high trade volumes. A strong currency and transparent pricing also contribute to the low price of gold. In Singapore, gold is priced at ₹1,18,880 per 10 grams. The prices remain controlled due to tax exemptions.

In Hong Kong, 24-carat gold is priced at around ₹ 1,13,140 per 10 grams, making it one of the cheapest prices in Asia. Hong Kong’s open market and low import taxes draw visitors from across the region.

In Turkey, 24-carat gold is priced at around ₹1,13,040 per 10 grams. The country’s low tax rates and domestic gold market help keep prices competitive.

Gold prices in Kuwait stand at about ₹1,13,570 per 10 grams. The stable currency exchange rate and low tax policy keep the prices steady.