Gold prices in India have skyrocketed, crossing ₹89,000 per 10 grams, and may soon touch ₹90,000. With such high prices, gold buyers are looking for alternatives to purchase gold at lower rates. The good news? Several countries offer cheaper gold prices compared to India, thanks to lower taxes and import duties.

If you’re planning to invest in gold or buy jewelry at a lower cost, here are five countries where gold is significantly cheaper than in India.

1. UAE – ‘The City of Gold’

✅ Gold is 10-15% cheaper than India

Dubai, UAE, is the top destination for buying affordable and pure gold. The UAE is known for its duty-free gold shopping and zero VAT (Value Added Tax) on gold purchases. With lower import duties and a well-regulated gold market, UAE offers some of the best gold rates in the world.

Popular places to buy gold in UAE:

• Dubai Gold Souk – A famous gold market with hundreds of shops
• Dubai Mall Gold Stores – Trusted international gold brands
• Sharjah Gold Market – Competitive prices and variety

💰 Savings: Buying 10 grams of gold in UAE can save you ₹14,000-₹15,000 compared to India.

2. Thailand – 5-10% Cheaper Gold

✅ Gold is 5-10% cheaper than India

Thailand is another great option for buying gold at lower prices. The country has a strong gold market, and Thai gold (96.5% purity) is highly popular. The low tax rates and competitive pricing make Thailand a great destination for gold buyers.

Popular places to buy gold in Thailand:

• Yaowarat (Chinatown, Bangkok) – The heart of gold trading in Thailand
• MBK Center, Bangkok – A trusted shopping mall for gold jewelry

💰 Savings: Buying gold in Thailand can save you around ₹7,000-₹10,000 per 10 grams.

3. Singapore – 5-8% Cheaper Gold

✅ Gold is 5-8% cheaper than India

Singapore is known for its low taxes and high-quality gold. The country has a duty-free policy on gold, making it a great place to buy investment-grade gold bars and coins.

Popular places to buy gold in Singapore:

• Mustafa Centre – A famous gold shopping hub for Indian buyers
• Goldheart & Poh Heng Jewellery – Trusted jewelry stores
• BullionStar & UOB – Best for investment-grade gold bars

💰 Savings: You can save ₹5,000-₹8,000 per 10 grams when buying gold in Singapore.

4. Switzerland – The Hub of Gold Refining

✅ Gold is 7-12% cheaper than India

Switzerland is home to the world’s top gold refineries, making it one of the best places to buy high-quality gold. Since the country is a major exporter of gold, the local prices are lower compared to India.

Popular places to buy gold in Switzerland:

• Zurich Gold Market – A hub for gold bullion traders
• Swiss Banks (UBS, Credit Suisse) – Offer high-purity gold bars
• Geneva Luxury Gold Stores – Best for designer gold jewelry

💰 Savings: Expect to save ₹10,000-₹12,000 per 10 grams when buying gold in Switzerland.

5. Saudi Arabia – 5-10% Cheaper Gold

✅ Gold is 5-10% cheaper than India

Saudi Arabia is another country where gold is significantly cheaper due to low VAT and import duties. The country has a booming gold market, offering a variety of gold designs, including traditional and modern styles.

Popular places to buy gold in Saudi Arabia:

• Gold Souk, Riyadh & Jeddah – Large markets with competitive prices
• Al Khobar Gold Markets – Famous for 22K and 24K gold jewelry

💰 Savings: Buying 10 grams of gold in Saudi Arabia can save you ₹7,000-₹10,000 compared to Indian prices.

How Much Gold Can You Bring to India?

India allows travelers to bring a limited quantity of gold from abroad:

🔹 For male travelers: Up to 20 grams (₹1 lakh value) duty-free
🔹 For female travelers: Up to 40 grams (₹2 lakh value) duty-free
🔹 Extra gold above the limit: Subject to customs duty of 10-12%

Final Thoughts: Should You Buy Gold from These Countries?

If you’re planning a trip abroad, purchasing gold from these countries can help you save 5-15% compared to Indian prices. However, always ensure:
✔ Buy from certified and reputed gold dealers
✔ Check for hallmarking and purity certificates
✔ Be aware of import limits and duties before bringing gold to India

With gold prices soaring in India, shopping for gold from these countries can be a smart investment for buyers. So, if you’re looking for affordable gold, consider Dubai, Thailand, Singapore, Switzerland, or Saudi Arabia for your next gold purchase!