Countries like India have high import duties (often over 10%), which inflates the local price compared to duty-free hubs like Hong Kong or Dubai .
Bars and coins are generally cheaper than jewelry because they lack "making charges" and often benefit from better tax exemptions. Price Comparison (Approximate for 10g of 24K Gold) Estimated Price (USD) Primary Advantage Hong Kong No sales tax / No VAT Switzerland Direct from refineries UAE (Dubai) VAT refunds for tourists United States High dealer competition India High import duties & GST where to buy cheapest gold in the world
Note: Prices fluctuate daily based on global market conditions. Countries like India have high import duties (often
The following countries are consistently ranked as the most affordable places to purchase gold due to favorable government policies and proximity to refineries. where to buy cheapest gold in the world