Why is gold so cheap in Dubai?

Indians just love gold. Even after ages, our obsession with gold remains intact. We are one of the biggest importers of this metal.

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It is not only considered precious but auspicious too. Gold ornaments are gifted at weddings and other events.

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Ever wondered why it is so pocket-friendly there?

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The biggest reason is import duty! It is way too high in our country and hence the price.

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When gold is imported in India, a fee has to be paid in the name of charges but in Dubai, there's no such fee.

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But getting gold from Dubai isn't that profitable as the making charges are really high there. Plus the customs duty.

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The making charge of gold is around 7% in India whereas in Dubai it is 25%. So the deal doesn't make you save much.

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