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​6 countries where gold is cheaper than India​

etimes.in | Last updated on - Apr 20, 2025, 15:57 IST
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6 countries where gold is cheaper than India

Gold has always been an important part of India’s culture, from weddings to investments. While it holds sentimental value, the price can be high. Import duties, taxes, and fluctuating rates make buying gold in India expensive. However, there are countries where gold is cheaper, thanks to favourable policies, low taxes, and efficient supply chains. Whether you'rejust curious or looking for a deal, let’s check out six places where gold is more affordable.
2/7

America

Surprised? You’re not the only one. The U.S. leads when it comes to affordable gold. With a stable economy, strong competition among sellers, and prices that follow global trends, gold here is often cheaper than in India. Even with customs fees, the savings can be significant, making it a smart option for those looking to purchase gold without breaking the bank.

3/7

Australia

Down under, gold isn’t just stored away—it’s mined right from the earth. With plenty of natural reserves, the country keeps a steady supply of gold. With strong demand and dependable sources, buyers can find reasonable prices and trust that they’re getting genuine, high-quality gold that’s well-regulated by the government.

4/7

Singapore

This sleek city-state keeps things running smoothly—including its taxes. With no GST on investment-grade gold, the prices are more competitive. Combined with a stable financial system and a well-earned reputation for transparency, Singapore becomes a top choice for buyers looking for both value and security.

5/7

Switzerland

Forget watches and chocolates for a second—Switzerland is also one of the top gold refining spots in the world. When gold goes through Swiss refineries, you’re guaranteed top-notch purity, consistency, and prices that match the quality, without any of those tourist markups.

6/7

Dubai

If gold had a favourite destination, it would be Dubai. With its sparkling souks, dazzling displays, and tax-free advantage, shopping for gold here feels like a dream. Prices are in line with global rates, and the wide variety of options—from simple to extravagant—makes it a paradise for gold lovers.

7/7

Indonesia

Indonesia might not immediately come to mind as a gold hotspot, but it definitely deserves a second look. With its own gold production and an expanding market, prices stay competitive. It’s a great option for buyers who want to skip the usual crowd and try something different, all without paying extra for the experience.

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Copyright © May 23, 2026, 12.11AM IST Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service