Compared to India, the price of gold in the UAE is up to 15 percent lower. The reason for the rise in gold prices in India is higher taxes and customs duties. After a hiatus, gold sales in Dubai have reached the pre-Covid sales level.
From June 30, 2022, India has raised the import duty on gold from 10.75 percent to 15 percent, making it more profitable for NRIs and Indian tourists to buy gold from foreign markets like Dubai. Demand has increased due to the recent fall in gold prices. It is indicated that...
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