Import guide gold 10 countries cheaper than India: Gold's luster is increasing in the country. On Monday, equal to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24-carat gold sealed at Rs 124,155, a new record high. However, gold is misogynist much cheaper in many countries virtually the world than in India. Let's explore 10 countries where gold prices are lower when converted to Indian currency. Note that these rates are based on local currencies, but these figures are obtained when converted to rupees.
Indonesia and Turkey
In Indonesia, the price of 10 grams of 24-carat gold is currently Rs 118,276. In Turkey, it is Rs 118,436. Rates vary in local currencies in these countries, but these figures are obtained without conversion to Indian rupees.
Colombia and the United States
In Colombia, the price of gold per 10 grams is Rs 118,517. In the United States, it is Rs 118,493. The United States has unchangingly been a country with competitive prices, as the strong dollar makes gold cheaper versus other currencies.
Hong Kong and Switzerland
In Hong Kong, 10 grams of gold is misogynist for 118,559. In Switzerland, the country with the world's largest gold reserves, the price is Rs118,552.8 (approximately). The strength of the Swiss franc and its large reserves make gold quite affordable here.
Singapore and Australia
Due to Singapore's financial hub status, the price of 10 grams of gold here is 118,597, which is linked to global rates. In Australia, it is priced at Rs 118,574.
Malawi and UAE
In the African country of Malawi, the gold rate is Rs 118,359 per 10 grams. In the United Arab Emirates (UAE), it is Rs 118,652. The difference in gold prices in all these 10 countries is only Rs 200-300, which is significantly lower than the Indian rate.
Limits on bringing gold from abroad
Good news for travelers, but the limits are strict. Male travelers are unliable to bring in up to 20 grams of gold, or Rs 50,000 worth of duty-free gold from abroad. Since the current rate is Rs 1.25 lakh per 10 grams, the 20-gram limit is no longer practical. Women are unliable to bring in up to 40 grams, or Rs 1 lakh worth of gold, without surcharge duty, but due to upper prices, plane this does not seem sufficient. Surcharge duty will wield on spare gold. These prices are subject to transpiration with market fluctuations. Check local rates surpassing investing or purchasing.
