How to Buy Gold from Dubai: Gold is not just an investment in India; it is a part of culture and tradition. People buy gold jewelry especially during weddings and festivals. But gold prices in India are very high due to GST, making charges, and other taxes. So, many people think about buying gold from Dubai where prices are lower.
Dubai is famous for pure gold and reasonable prices. One big advantage is that there is no GST in Dubai, and gold is sold at international rates. This makes gold cheaper there compared to India. Also, many shops in Dubai offer discounts and deals due to competition.
According to Indian customs rules, people who stay abroad for more than 6 months can bring up to 1 kg of gold to India after paying customs duty. Currently, the gold import duty in India is 6%. If someone brings more than the allowed limit or tries to avoid duty, it is considered illegal and can lead to fines or jail. For example, a Kannada actress was caught recently with 14 kg of gold at the airport.
Without paying any customs duty, a man can carry up to 20 grams of gold worth Rs. 50,000, and a woman can carry up to 40 grams worth Rs. 1 lakh. Children under 15 years can also carry up to 40 grams. But this gold must be for personal use, not for business. Travelers must carry bills and ID proof, and declare gold at customs.
It is very important to follow legal steps while bringing gold from Dubai. Always buy hallmarked gold and keep the purchase bill safely. Avoid illegal methods like smuggling. Taking advantage of Dubai’s offers and buying during discounts can save money.
In short, with the right information and proper planning, buying gold from Dubai can be a smart and cost-effective choice.
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