Gold is forever… This tagline is not just an advertisement, but this is the thinking of almost every Indian. This is the reason that makes India the largest gold-importing country in the world. There is a craze for gold in India, due to which criminal organizations smuggle it from abroad to India and then they have to go to jail when caught.
That is why today we are telling you about some such countries, where gold is available cheaper than India and you can bring it with you legally. So let us know in which countries gold is available cheaper than India and how you can bring it with you from here legally.
In which countries is gold available cheaper?
Dubai is called the "City of Gold" because there is no VAT or import duty on gold here. Therefore, the prices of gold in Dubai's gold market are lower than in India. After this comes the name of Singapore, which is a major gold trading hub. Where low tax and high-quality gold are available.
Many people from India go to visit Bangkok. Bangkok's gold market is famous for its good gold prices. The price of gold here is lower than in India and its purity is also good. Switzerland is known for the refining and storage of gold. The purity of gold here is better and the prices are also relatively low. Apart from this, the price of gold in Hong Kong remains quite low due to tax exemption.
How can you bring gold to India?
If you want to buy gold from abroad and bring it to India, then it is necessary to follow some rules made by the government. If a man wants to bring gold with him from abroad, then he can bring 20 grams of gold with him without import tax. At the same time, a female traveler can bring 40 grams of gold with her without tax. Let us tell you that gold can be brought to India only in the form of jewelry, there is a ban on bars and coins. Also, it is necessary to have a bill for buying gold.
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