According to goldpriceindia.com, as of July 10, 2024, the price of one gram of 24-carat gold in Dubai is 245 AED, equivalent to around Rs 5,579.45.
Countries like Malawi, Colombia, Australia, and Indonesia offer gold at prices lower than in many other parts of the world.
Here are the prices of one gram of 24-carat gold in these countries:
- Malawi: Rs 6,346.63
- Australia: Rs 6,347.32
- Colombia: Rs 6,351.73
- Indonesia: Rs 6,359.47
India Prices, see below.
Tips for Buying Gold Abroad
While buying cheap gold abroad can be enticing, it is essential to be cautious. Consider security, logistics, and taxes when buying and transporting gold.
It is crucial to understand the customs duties and other charges you might incur when traveling with gold.
Keep in mind that current exchange rates can impact the fair value of gold, and always purchase from reputable sources.
If you decide to buy gold from another country, here are three reliable options.
Reliable Options for Buying Gold
Banks
Banks in Switzerland, Austria, Saudi Arabia, and Hong Kong sell gold and often provide attractive deals.
Online and Offline Dealers
Some dealers offer competitive prices for gold. In places like the UAE, online dealers might provide better deals than offline ones.
Jewellers
Renowned jewellers are trusted sources for buying gold. They offer a variety of options, including gold coins and bullion, and have a solid reputation in the market.
