Gold Price in Dubai: Most want to buy gold from Dubai, know how cheap gold is there

Gold Price in Dubai: Gold prices remained almost flat on Friday in the United Arab Emirates (UAE), including Dubai. There is no significant change in the price of 24 carat gold as compared to November 23 during today’s trading. Today 24 carat gold was 213 AED i.e. Rs 4,728 per gram in Indian rupee. Similarly, there was no change in the price of 22 carat gold. Its price reached 200 AED i.e. Rs 4,439.95 per gram. In terms of ounces, the price of gold remained at Thursday’s level. The price of gold per ounce in UAE stood at AED 6,455.19 i.e. Rs 143,266.

rise in silver

Data from Dubai Gold and Jewelery Group showed that silver was also seen trading at 2542 AED i.e. Rs 56,432. The currency of the United Arab Emirates is the Emirati Dirham, written as AED. The current price of one Emirati Dirham (AED) is Rs 22.27. In Dubai, the 21-carat was also seen at AED 190.75 and the 18-carat at AED 163.50.

City of Gold is very famous among Indians

Dubai is also known as the City of Gold. It is very famous among Indians for buying gold. Dubai (DUBAI) in the United Arab Emirates (UAE) is known among Indians as a major center for buying gold apart from shopping. Compared to India, gold is available in Dubai at a much lower rate. For example, the current price of 24 carat gold in Dubai is Rs 4,728 per gram. Whereas, in Delhi, gold of the same quantity is available for Rs 5,266.

Buying gold in Dubai is tax free

Buying gold in UAE is tax free. The quality of Dubai’s gold is also considered better than that of India. The gold market in Dubai is properly regulated in India’s Dubai. Also, the gold market in Dubai is organized and regulated. Gold jewelery designs are also quite fashionable in Dubai.

Duty has to be paid on bringing gold from Dubai to India

People taking advantage of cheap gold prices in Dubai have to keep in mind that import duty will also have to be paid in India for buying gold from Dubai. Along with the rules of India, safety will also have to be taken care of.

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