Dubai Gold Rate: Gold and silver prices in India are steadily declining. Gold prices have fallen significantly since the festival season ended. Gold in Dubai is on average 7–8% cheaper than in India. This is primarily due to the absence of GST or other taxes. The Dubai gold market is fully open and tax-free. Gold prices in Dubai fell sharply on Tuesday, October 28th. The steady upward trend has now been halted. Gold prices in the international market have fallen by $4,000 per ounce.
Gold Price in Dubai
The price of 24-carat gold in Dubai remains at ₹115,666 per 10 grams. Recently, the cost of gold was ₹119,091 per 10 grams.
The price of 22-carat gold remains at ₹107,074 per 10 grams. The cost of 18-carat gold has declined, down from ₹110,258 per 10 grams a day earlier. The price of 18-carat gold in Dubai today is ₹88,026 per 10 grams, down from ₹90,610 a day earlier.
Rules for Men: According to Indian government regulations, a man can bring up to 20 grams of gold jewellery, provided the total value does not exceed ₹50,000.
Rules for Women: Female travellers are given greater exemptions. Women can bring up to 40 grams of gold jewellery, with a maximum value of ₹1 lakh. This limit applies only to gold jewellery. This exemption does not apply to gold coins, bars, or biscuits.
Who is eligible for the exemption?
This exemption is available only to travellers who have spent at least 1 year abroad. If you’re on a trip of just a few weeks, you won’t be able to take advantage of this rule. Furthermore, children don’t receive any exemptions under this scheme. If a traveller brings in more gold than this limit, they will be required to submit a customs declaration at the airport and pay duty.