Dubai is globally known as the “City of Gold.” Every year, thousands of Indian tourists check the Dubai gold rate today before traveling — hoping to save money compared to Indian prices.
But does buying gold in Dubai actually save money after INR conversion, making charges, and customs rules?
Let’s break it down with practical data.
22K vs 24K Gold in Dubai
| Type | Purity | Common Use | Price Difference |
|---|---|---|---|
| 24K | 99.9% pure | Gold bars & coins | Highest per gram |
| 22K | 91.6% pure | Jewellery | Slightly lower |
| 18K | 75% pure | Designer jewellery | Lower |
Most Indian buyers purchase 22K jewellery, while investors prefer 24K gold bars.
How Dubai Gold Price Is Calculated
Gold price in Dubai is based on:
• International gold rate (USD)
• USD to AED exchange rate
• Dubai’s low taxation system
For Indian comparison, you must convert AED to INR.
Basic conversion formula:
Here:
m = Exchange rate (AED to INR)
x = Gold price in AED
y = Gold price in INR
Example (illustrative only):
| Item | Value |
|---|---|
| 24K price | 240 AED/gram |
| AED to INR | ₹23 |
| Converted INR price | ₹5,520 per gram |
(Actual rates fluctuate daily.)
Dubai Gold vs India Gold Price – Typical Difference
| Factor | Dubai | India |
|---|---|---|
| GST | 0% VAT on investment gold (conditions apply) | 3% GST |
| Making Charges | Negotiable | Fixed or higher |
| Import Duty | None locally | High import duty |
| Overall Price | Often 5–12% cheaper (raw gold) | Higher |
However, jewellery savings depend heavily on making charges.
Making Charges – The Hidden Factor
Making charges in Dubai:
• Can range from 3% to 15%
• Often negotiable in Gold Souk
• Lower during promotions
In India, making charges can reach 20–25% for designer pieces.
If you negotiate well, Dubai jewellery can be cheaper even after INR conversion.
Is Buying Gold in Dubai Legal for Indians?
Yes, but customs rules apply when bringing gold to India.
| Passenger Type | Duty-Free Limit |
|---|---|
| Male (after 6 months abroad) | 20 grams |
| Female (after 6 months abroad) | 40 grams |
Excess gold is taxable under Indian customs duty rules.
When Does Buying in Dubai Actually Save Money?
Buying in Dubai makes sense when:
• INR is strong against AED
• You’re buying gold bars or simple jewellery
• Making charges are low
• You stay within duty-free limits
It may not save much if:
• You buy heavy designer pieces
• INR is weak
• You exceed customs limits
Investment Perspective
If you’re buying purely for investment:
| Option | Better Choice |
|---|---|
| Long-term holding | 24K gold bars |
| Wedding jewellery | 22K jewellery |
| Resale value focus | Plain 22K |
Gold resale value is based on purity and weight — not design.
Realistic Savings Estimate
For a 50-gram 22K purchase:
| Scenario | Approx Difference |
|---|---|
| Raw gold comparison | ₹15,000–₹30,000 savings |
| After making charges | ₹5,000–₹20,000 savings |
| After customs duty (if exceeded) | Savings reduce sharply |
Actual savings depend entirely on daily rates.
Conclusion
Dubai gold can be cheaper than India — but only under the right conditions. The real advantage lies in:
• Lower base gold rates
• Negotiable making charges
• Strong INR exchange rate
For tourists staying within customs limits and buying simple 22K or 24K gold, Dubai often offers genuine savings. But once duties and designer making charges enter the picture, the gap narrows.
Always compare live Dubai gold rate today, convert to INR, and factor in customs before making a decision.
FAQs
Is gold cheaper in Dubai than India?
Often yes for raw gold, but final savings depend on making charges and customs duty.
Which is better – 22K or 24K in Dubai?
24K is better for investment. 22K is better for jewellery.
Can tourists buy gold in Dubai?
Yes, tourists can freely purchase gold from licensed retailers.
How much gold can I bring to India?
Up to 20g (male) and 40g (female) duty-free after 6 months abroad.
Are making charges negotiable in Dubai?
Yes, especially in traditional markets like the Gold Souk.