Dubai Gold: Is it Profitable to Buy and Sell in India? The Gamble May Backfire

• Bringing gold from Dubai to India for commercial sale is risky due to strict tax rules and customs duty.
• Duty-free exemption for gold jewelry is only for travelers residing abroad for over a year (40g for women, 20g for men).
• Tourists do not get duty-free exemption and must pay tax on any quantity of gold, declaring all purchases with a valid bill.
• Dubai gold is 5-7% cheaper due to lower taxes and no import duty on bullion, plus VAT refunds for tourists.
• Customs duty ranges from 3% to 38.5% depending on gold type and traveler status, plus 3% GST and potential capital gains tax on resale in India.