Gold is cheaper in THIS country compared to India due to..., one gram of 24K gold costs Rs...; know how much you can buy, other details
Dubai gold price: Dubai, the shopping capital of the world, is famous for its dazzling nightlife, luxury malls, and modern marvels like Burj Khalifa. But did you know that the UAE city is dubbed the City of Gold because of its luxury gold markets where the precious yellow metal sells for a cheaper price than in India? Why gold is cheaper in Dubai?
Though there are no gold mines in the United Arab Emirates (UAE), gold is brought in from African nations, and other countries including Turkey, Switzerland and Russia. The raw gold is then refined by jewellers in Dubai at sold at jewelry shops at prices cheaper than India.
Gold is cheaper in Dubai because there are no taxes in the UAE, so consumer, jewellers or gold importers do not have to pay any GST. But a 5% VAT is charged on purchased, which can claimed as refund within a specified time limit. What is the gold price in Dubai?
According to the Dubai Jewellery Group (DJG), the current price of one gram of 24K gold in Dubai is AED 405.25 (about Rs 9,523), which is cheaper than India, where you have to pay 9,888 for the same quantity.
Decreased carat count means less purity and lower price. Thus, 1 gram of 22K gold is priced AED 375.25, 21K at AED 359.75, while 18K is sold for AED 308.50.
Notably, gold prices in India hit a record high on July 23, 2025, and close to crossing Rs 1 lakh for the first time. 10 grams of gold are priced at Rs 99,450 in India, as per market data. How much gold can you bring home from Dubai?
While cheaper gold can seem an attractive opportunity to many, there is a cap on how much of the precious metal you can bring home to India. Indian citizens, who have lived in a foreign country for the last six months, are allowed to bring up to 1 kg of gold in checked in bags, after declaring it and paying the required custom duty.
Women citizens can bring up to 40 grams or Rs 1 lakh worth of gold completely duty-free, while this limit is restricted to 20 grams or Rs 50,000 worth of gold for men. What is the purity of Dubai gold?
Gold purity is measured in carat, and 24 carat (24K) signifies 100% purity, while 22 carat means it has 22 parts gold and 2 parts other metals. The purity of gold declines as the carat count goes down. Dubai gold is considered one of the purest in the world, according to experts and connoisseurs.
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