From NDTV
Center-Right Owned by Adani Group (AMG Media)Gold In Dubai Looks Cheaper: Will Indians End Up Paying More After Returning Home
What's behind this
Gold is cheaper in Dubai because the UAE does not levy import duties or heavy domestic sales taxes on gold bullion and jewellery. In India, gold demand fell 29% year‑on‑year to 162.5 tonnes in the July‑September quarter, a drop attributed to higher import duty, soaring prices and a Prime Ministerial appeal to curb purchases, according to the World Gold Council. The council projected full‑year demand at 625‑675 tonnes. The contrast suggests Indian buyers may face higher costs at home despite cheaper prices abroad.
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Gold is cheaper in Dubai mainly because the UAE does not charge import duties or heavy domestic sales taxes on gold bullion and jewellery.
— NDTV
RSS excerpt
Gold is cheaper in Dubai mainly because the UAE does not charge import duties or heavy domestic sales taxes on gold bullion and jewellery.
