Save Big: How Bringing 1 KG Gold from Dubai to India Can Save You Lakhs

• Gold prices in Dubai are significantly lower than in India due to reduced taxes and premiums, offering a discount of approximately Rs 12,710 per 10 grams.
• Legally importing 1 kg of gold from Dubai to India involves paying around 10-11% customs duty, but still results in substantial savings.
• After customs duty, a 1 kg gold bar from Dubai costs approximately Rs 1,65,00,000, compared to Rs 1,67,52,300 for the same quantity in India (including 3% GST).
• This difference translates to a saving of about Rs 2,52,300 when importing 1 kg of gold legally from Dubai.
• Duty-free exemptions for gold jewelry are limited (40g for women, 20g for men) and do not apply to gold bars, coins, or biscuits; proper declaration and documentation are crucial to avoid penalties.

Why It Matters: Importing 1 kg of gold legally from Dubai can save you approximately Rs 2.5 lakh compared to Indian prices.