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March 10, 2025Indians buy gold from Dubai due to significant cost advantages including lower local taxes
One wonders why people from India who travel to Dubai never fail to buy gold besides other goodies. The reason is that the price difference is quite noteworthy, giving the buyer sufficient savings if buying in plenty.
Purchasing gold from Dubai offers significant cost advantages for Indian buyers, even when considering import duties. As of March 2025, gold in Dubai is priced at $887.63 per 10 grams, translating to Rs 77,281.46.
In contrast, the same quantity in Mumbai costs approximately Rs 87,480, reflecting an 11.58% price advantage in Dubai. This price differential is primarily due to Dubai’s lower local taxes and a highly competitive market.
