Best Gold Locations: The festival of Diwali is in full swing. Today is also Dhanteras on Friday, 18th October. Buying gold, silver and any other precious thing on this day is considered auspicious. However, after gold has reached record high level, buying gold is no less than a tension for people. People often buy gold as an investment or as a gift. In such a situation, it is very important for them to know where gold is available cheaper. Today we are going to tell you about some places where gold is cheaper than in India. This difference in prices depends on import duty, local demand and taxes.
Dubai
Dubai’s name comes first in the list. In October 2025, the price of 24 carat gold in Dubai was around Rs 1,14,740 per 10 grams, which is much lower than India’s level of Rs 1,30,000 per 10 grams. Gold is cheap in Dubai because there is no GST on gold here, import duty is also zero or nil, making charge is also less as compared to India and customers can also bargain on it. Apart from this, Dubai is a major trading center for gold. This is a mid point for import and export of gold, hence the supply of gold is also high here. Also, gold imported into UAE is refined in many refineries of Dubai. In such a situation, its supply chain becomes stronger.
America
The price of 24 carat gold in America is approximately Rs 1,15,360 per 10 grams. Where in India, 3 percent GST is imposed on gold and silver. The custom duty and tax on gold in America is much less than in India. The making charge is also less here. Apart from this, gold ranging from 10 carat to 22 carat is easily available in America, but in India, priority is given to purchasing gold above 18 carat. Another thing is that when the dollar strengthens, gold becomes cheaper in the global market.
Hong Kong
There is no tax or VAT on gold in Hong Kong. Here the price of 24 carat gold is approximately Rs 1,13,140 per 10 grams. This is one of the cheapest places to buy gold in Asia. However, sometimes some political events seem to have an impact on the market, but its open economy and position as a global trading center helps in keeping the prices stable.
Singapore
The price of gold is low in Singapore due to tax exemption. The price of 24 carat gold here is around Rs 1,18,880 per 10 grams, which is much lower than in India. Due to absence of GST on gold in Singapore, prices may be 5-8 percent lower than India. Here the GST on making charge of gold is also less as compared to India. What’s more, you can also get up to 7% GST refund at the airport under the Tourist Refund Scheme (TFS). Through this scheme, the government allows claiming refund on the tax paid at the time of shopping. Its purpose is to further improve the shopping experience for the tourists coming here.
Kuwait
The price of 24 carat gold in Kuwait is around Rs 1,13,570 per 10 grams because here also the tax and import duty is less. Kuwait is an oil-rich country, which keeps the currency fluctuations under control, which indirectly maintains the stability of gold prices. In such a situation, you can also buy gold from Kuwait and bring it to your country, but this also has a limit. For men this limit is 20 grams and women can bring up to 40 grams of gold with them.
Turkey
The price of 24 carat gold in Türkiye is around Rs 1,13,040 per 10 grams, which is cheaper than India. Here also the prices of gold reduce due to low import duty and VAT. Here you will find multiple gold products in every range, due to which buyers have a lot of options as per their budget. In Türkiye, gold jewelery generally ranges from 10 carat to 21 carat.
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