​7 places around the world, where gold prices are less than in India​

Diwali is just around the corner, and people are buying Gold to commemorate the festival, especially on Dhanteras, which is considered an auspicious day to buy the precious metal and welcome the Goddess of Prosperity home.


But this year, the prices of Gold have reached an all-time high, and one might wonder where Gold could be less in price as compared to India.

While gold is universally valued, the price you pay for it can vary widely depending on the country. Factors like taxes, import duties, and local demand which impact these differences. For anyone looking to buy gold as an investment or a gift, knowing where it’s cheaper can make a significant financial impact.

Here are 7 places where Gold prices are less than in India

Dubai is widely known as a gold shopping paradise because of its minimal taxes and import duties. In October 2025, 24K gold cost around ₹1,14,740 per 10 grams in Dubai, which is notably cheaper than in India’s ₹1,23,035 per 10 grams. This lower price is a major draw for Indian buyers who travel there during festive seasons like Diwali. This is because of Dubai’s strategic location as a trade hub, and its government’s low taxation policies keep its gold prices competitive and attractive.

Despite being a major economy, the United States sells gold at comparatively cheaper rates around ₹1,15,360 per 10 grams for 24K gold. The US market benefits from a large volume of trade and balanced taxation policies. Currency strength and strict regulation also contribute to relatively stable and accessible gold prices. Indian buyers sometimes explore purchasing gold through authorised channels or international trips due to this price edge. Additionally, lower import duties and efficient logistics further reduce costs in the U.S. market. Global demand, coupled with transparent pricing mechanisms, ensures competitive rates. This makes the U.S. an attractive option for investors and jewellery enthusiasts alike.

Singapore’s gold prices are less due to tax exemptions on precious metals. The 24K gold price stands at around ₹1,18,880 per 10 grams, lower than Indian rates. Singapore’s strong financial ecosystem and transparent pricing policies make it an attractive destination for investors and consumers interested in gold. This city-state is a place for a combination of competitive pricing and trusted certification.

Hong Kong’s gold market benefits from low import duties and a high volume of gold trading, resulting in prices near ₹1,13,140 per 10 grams for 24K gold. It remains one of Asia’s cheapest gold-buying locations. Although political factors sometimes impact the market slightly, its open economy and position as a global trading center help keep prices affordable.

Turkey’s gold price for 24K gold is about ₹1,13,040 per 10 grams, cheaper than India. The country has a strong tradition of gold jewelry and investment, but lower tax rates help keep costs down. Turkish gold markets are also comparatively less affected by import tariffs seen in India, allowing buyers better value for money.

Kuwait's 24K gold price is about ₹1,13,570 per 10 grams, which comes from low taxes and import duties. Its position as an oil-rich nation helps stabilise currency fluctuations, indirectly supporting stable gold prices. Many Gulf countries have an image for cheaper gold, making Kuwait among the favoured destinations for gold purchases besides Dubai.