7 Countries Where Gold Is Cheaper Than in India — Dubai Tops the List (Image Source: Pixabay)
As the festive season wraps up and the glitter of Diwali settles, many Indians are reflecting on one of the most enduring traditions of the festival — buying gold. Whether for investment or adornment, gold remains a timeless symbol of prosperity and security.
But with domestic prices hitting record highs this year, it’s worth asking: where in the world can you actually buy gold for less than in India?
While gold is universally valued, the price you pay depends heavily on factors like import duties, local taxes, and market demand. In some countries, favourable policies and low taxes make gold noticeably cheaper than in India. Here are seven such destinations where you’ll find better value for your money.
1. Dubai
Often called the City of Gold, Dubai remains a global hub for gold buyers. Thanks to its minimal taxes and import duties, gold here is far more affordable. In October 2025, 24K gold cost around Rs 1,14,740 per 10 grams, compared to India’s Rs 1,23,035. Dubai’s status as a duty-free trade center and its strict quality standards make it one of the most trusted and cost-effective gold markets in the world.
2. United States
Gold prices in the US average around Rs 1,15,360 per 10 grams, slightly below Indian levels. The difference stems from efficient logistics, competitive trading volumes, and moderate taxation. The US market’s transparency and stable regulations also help keep gold prices accessible, making it a solid choice for both investors and collectors.
3. Singapore
Singapore’s tax exemptions on investment-grade precious metals give it a strong price advantage. Here, 24K gold trades at roughly Rs 1,18,880 per 10 grams. Known for its world-class financial systems and transparency, Singapore offers both reliability and value — appealing to global investors seeking tax-efficient ways to buy gold.
4. Hong Kong
With its open economy and negligible import duties, Hong Kong continues to be one of Asia’s most affordable gold markets. Prices hover near Rs 1,13,140 per 10 grams, significantly below India’s. Its vibrant trading ecosystem and reputation for authenticity make it a preferred stop for gold buyers across the region.
5. Turkey
In Turkey, gold is both a cultural treasure and a financial instrument. The average price of 24K gold sits around Rs 1,13,040 per 10 grams — cheaper than in India. Lower taxation and strong domestic refining capabilities help keep costs down, making Turkish gold a smart option for value-conscious buyers.
6. Kuwait
Kuwait offers 24K gold at around Rs 1,13,570 per 10 grams, benefiting from low taxes and a stable currency. Like Dubai, it’s known for high-purity gold and transparent pricing. Its thriving retail markets and government-regulated purity standards make Kuwait another favorite among Gulf nations for affordable gold purchases.
7. Qatar
Though not as widely discussed, Qatar’s gold market also offers competitive rates. Prices average Rs 1,14,000 per 10 grams, driven by low import duties and high trade volumes. With modern souks and a reputation for authenticity, Qatar is quickly becoming a preferred destination for gold buyers in the Middle East.
The Bottom Line
While India’s love for gold runs deep, global markets like Dubai, Hong Kong, and Turkey often offer better value thanks to lower taxes and efficient trading structures. For those considering gold as an investment or future purchase, exploring these international markets could mean saving significantly — even after factoring in travel or shipping costs.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
