Dubai is the first place that comes to mind when someone we know is going to Dubai it is very common to say that the gold rate in Dubai is very low compared to India. Today let us clarify this doubt. Why is gold cheap in Dubai how much gold can we get from there Why is the gold rate sky low in India Let us find out the answers to many such questions. What is the link between Dubai and gold all the visitors will definitely come to buy gold. Why is that simple answer is that the rate of gold there is low and the quality is high the rate of gold available in Dubai is very low compared to our place. That is why they buy one gram of gold. The price of one gram of gold is 2207. If we convert it in our Indian currency one gram is 4500. 10 grams is 45000 in Dubai. 45000 grams of gold while in India the same 10 grams of gold is more than 55000 which means there is about 11000 difference in gold prices between Dubai and India that is why those who go there are so much that the purity of gold in Dubai is more than the gold found in all the countries of the world. That is why some celebrities who have money go to Dubai for the designs they want the price is low the quality is high there are thousands of designs the demand for Dubai Gold has increased worldwide that is why Gold purchases has become the main festival in Dubai today that is why together people are willing to buy gold here in the form of biscuits and bars and there is no import tax on gold there only five percent tax is levied on gold ornaments.
So there is no high rate for gold there also people in Dubai do not need to pay any income tax to the government. That is why if you buy gold there is no need to pay any kind of work till here and with the intention of earning a large amount of money through gold even the governments there do not work on gold. Therefore the price of gold there is available to everyone and the important question that comes to everyone mind is how much gold we can get if we go to Dubai. There is also a calculation for this. Those coming from Dubai can get 20 grams of gold on their body and if they are women they can get up to 40 grams. There is a limit of one lakh and beyond that you can take more than that and you will be charged if you have been there for more than six months but you can bring up to a kilo of gold in the same six months and those who have been there for a longer period of time can bring gold beyond the limit. There are some limits in the matter the taxes are different from country to country and when it comes to our country according to the laws of India it is not allowed to bring gold to our country because if there is no such limit a large amount of gold will be smuggled and sold here. There are some legal tax complications for us to bring gold from Dubai as stoppages happen. According to the Indian tax rules whoever brings a large amount of gold from Dubai must first follow the rules on gold import in our country. The gold and silver that we bring should be in the form of ornaments only not in the form of biscuits as per Indian laws if we talk about smuggling of gold or silver not as a container there are many people who smuggle gold from Dubai to India.
In fact a few lakhs of crores of gold is traded in Dubai so there is no tax on gold in Dubai. That is why some people buy gold there and take it to India through illegal routes. A big gang is running secretly to smuggle gold from Dubai. Because of this work thousands of rupees are left over for each village. Moreover because we have a higher rate for gold there because of the quality plus some people have started smuggling in this matter. are changing and now let us find out why the price of gold is constantly increasing in our India. There is a demand for gold in India so whatever changes happen in the world we can see its effect in the price of gold in India recently the price of gold in our country has increased tremendously. At one time 10 grams of gold even crossed 60,000. It is given in festivals weddings, birthdays whatever happens in that function you have to wear gold and shine in that function. Whether you have money or not, you buy gold for weddings no matter how much the rate rises you can buy it. But in the beginning gold is a fad but now things have changed. Because of the economic reason gold makes sure that Indians do not lose their trust in it. Nothing like this well the price of gold in our country increases because we import gold the most so this situation occurs if the value of gold increases in the market the value of gold jewelry in our home also increases. When there is a political upheaval in any country the value of the currency falls the stock market suffers losses.
Strangely there is demand for gold and its rate also increases that is why gold is called as an object of support in times of trouble many countries have gold reserves in addition to their gold reserves. In India there are loans on almost all the gold in the bank. They give money and get benefit from the interest. In this way the gold will increase due to the fact that the banks have collected gold. As there are few kilos of gold in the banks if you put money in the outside market and go to buy any jewelry there is enough raw gold. India is forced to rely on gold imports and the price of gold has been increasing steadily for the past few decades. Compared to other investment instruments gold has a higher value than other investment instruments. That is why the demand for gold increases when currency strength increases. Therefore many investors consider gold as a safe investment tool. As a result, when currency strength increases demand for gold increases. The price will increase and buying gold for any function has become a habit in our country so the demand for gold in the shops will increase. Gold is used not only for jewelry but also for making electronic devices. Therefore, there will be a shortage of gold in the market. It is said that 12% of the imported gold is used for industrial purposes. If you take a loan from the bank you will have to pay more interest. If you put the gold in the house and take a loan the interest burden will be reduced many people think that it is more profitable to put gold in the bank than to take it in times of emergency.
Therefore if you have a lot of money you buy gold first. They are taking loans and all these things are the price of gold which is constantly increasing and who decides the price of gold depending on the general market the price of gold will increase but not decrease. There are long periods of time when the price of gold is high. It requires a lot of labor for its mining. The process of gold processing is also very expensive. Generally if the demand increases if the production is at the same level the price will increase. Demand will be high There may not be production of gold at the level so to buy gold only transfer from one person to another is required so normally the price increases gold savings are held by the central bank whenever this is done the price of gold increases in this situation the currency flow in the market increases and the supply of gold decreases because India is important in countries that import gold in such situations export Any country that does when import duty on gold is increased due to world war its effect will be seen in India now finally in which countries gold is cheap, now let us see it is known as gold jewelry shopping center there are some markets like Golden Diamond Park, Malabar Gold where you can buy cheap gold and then Thailand. Gold price is also low in China Bank is a good place to buy gold at cheap price here you can buy very cheap gold also designs varieties are very good one of the best place to buy gold also Hong Kong shopping is famous in China but gold is very cheap here also gold market famous hand made design jewelry can be seen here Simply put gold can be bought at low prices in many places other than our India.
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