7 Countries Where Gold Is Cheaper Than India: Full List With Prices
Today Gold is more than a luxury ornament. It is an asset, an investment in today’s era. Several countries offer gold at prices lower than India because they maintain low taxes, fewer import duties, and efficient trading systems.
Dubai, Hong Kong, Turkey, Kuwait, Qatar, the United States and Singapore provide more affordable options for buyers, with 24K gold rates staying below Indian levels.
These markets also follow strict purity checks and transparent pricing, which help buyers trust their purchases. Many of these destinations act as global gold hubs, attracting investors and tourists who want better value. As gold prices rise in India, these seven countries continue to stand out for cheaper and reliable gold buying.
7. Qatar: A Growing Gold Market
Qatar has become a rising destination for affordable gold due to its low import duties and active trading environment. The price of 24K gold averages around Rs 1,14,000 per 10 grams. Buyers rely on Qatar’s modern gold souks and retail shops for transparent pricing and strict purity standards. The country’s expanding luxury markets attract both locals and visitors. With increasing demand and efficient supply chains, Qatar offers competitive rates that appeal to value-conscious gold buyers. These features are helping Qatar strengthen its position as a preferred Middle Eastern gold destination.
6. Kuwait: Purity With Low Taxes
Kuwait offers 24K gold at around Rs 1,13,570 per 10 grams, supported by low taxes and strong currency stability. Its gold shops maintain high purity standards and follow government-regulated practices, which keep buyers confident. Kuwait’s markets also provide clear and competitive pricing, making it easy to compare rates across retailers. Many buyers appreciate the wide availability of high-purity gold bars and jewellery. These conditions make Kuwait a reliable choice for those looking to buy gold at lower prices than India while ensuring authenticity and consistent quality in every purchase.
5. Turkey: Tradition and Value
Turkey treats gold as both a cultural symbol and a financial asset, which keeps demand strong throughout the year. The average price of 24K gold is around Rs 1,13,040 per 10 grams. Its domestic refining industry and lower taxes help maintain these affordable rates. Buyers also find a wide variety of traditional jewellery designs, which makes Turkey’s gold market vibrant and diverse. Strong local craftsmanship and quality certification systems build trust among customers. These factors allow gold buyers to get better value in Turkey while exploring a market deeply rooted in history and tradition.
4. Hong Kong: Open and Affordable
Hong Kong maintains an open economy with negligible import duties, which helps keep gold prices low. The cost of 24K gold in the city stays near Rs 1,13,140 per 10 grams, making it noticeably cheaper than India. Its active gold trading ecosystem supports competitive pricing across retail shops and global bullion dealers. Buyers trust Hong Kong for its long-standing reputation in precious metals. The city’s international financial environment also makes transactions smooth and transparent. These advantages allow buyers to access high-purity gold at lower prices, making Hong Kong a preferred destination in the region.
3. Singapore: A Tax-Friendly Hub
Singapore provides a price advantage because it exempts investment-grade gold from taxes. Here, 24K gold trades at around Rs 1,18,880 per 10 grams. Its global reputation for financial stability attracts investors who want reliable gold options with clear documentation. Singapore’s gold market offers strict quality checks and smooth transactions. Buyers also trust the city-state’s strong legal framework, which ensures fair practices. These factors combine to make Singapore one of Asia’s most efficient and value-driven locations for gold purchases, especially for those seeking tax-effective investment opportunities in a highly regulated environment.
2. United States: A Stable Market
The United States offers slightly lower gold prices compared to India due to its efficient supply chain and strong trading volumes. The price of 24K gold averages around Rs 1,15,360 per 10 grams in many states. Buyers also benefit from stable regulations and transparent market practices. Since the US maintains moderate taxes and encourages competitive pricing among retailers, buyers can find good deals easily. Many investors choose the US market for its reliability, consistent purity standards, and wide range of gold products. These conditions make the United States a dependable destination for gold buyers.
1. Dubai: The City of Gold
Dubai offers some of the world’s lowest gold prices because it maintains minimal taxes and low import duties. Buyers get high-quality gold at transparent rates in its famous Gold Souk and modern malls. In October 2025, 24K gold in Dubai stayed near Rs 1,14,740 per 10 grams, which remained cheaper than India’s Rs 1,23,035. The city’s position as a duty-free trade hub keeps prices competitive throughout the year. Strict purity checks and global-standard certification also help buyers trust every purchase. These factors make Dubai one of the most reliable and cost-effective places to buy gold.
