Last Update: January 10, 2023, 12:28 PM IST
Check Gold Price in Dubai today.
Gold prices in Dubai were flat in the morning trading session on Tuesday, January 10
Gold prices in Dubai remained flat in the morning trading session on Tuesday, January 10. Prices remained unchanged, trading at AED 227.25, or Rs 5,087.32, for a gram of 25-carat gold, which is considered the purest variety of the yellow metal. For the same quantity of 22 carat gold, buyers will have to shell out Rs 210.50 or Rs 4,712.62 across UAE including Dubai. One gram of 21-karat and 18-karat gold will cost buyers AED 203.75 or Rs 4,561.98 and AED 174.75 or Rs 3,912.77, respectively.
Gold was recorded at Rs 6,892.26 or Rs 154,320.86 in the morning trading session in Dubai. As per the latest exchange rates, 1 AED is equal to Rs 22.24
While gold remained flat on Tuesday, January 10, silver prices declined in Dubai. Compared to AED 2816.06 or Rs 63,054.38 for one kg of silver on Monday, prices slipped by AED 36.06 or Rs 807.44. The price of silver in Dubai was recorded at AED 2780 or Rs 62,247.24.
Dubai, also known as the City of Gold, is a favorite destination for buyers from around the world due to the high quality and low prices of the yellow metal. The quality assurance of gold bought from Dubai is attributed to the high level of surveillance and regulation of the market in the UAE. Regular inspections and mandatory hallmark certification guarantee the customers the purity of the gold they are buying.
Gold purchases in Dubai are tax-free, resulting in lower gold prices than in most parts of the world. Dubai’s gold market follows international rates, guaranteeing controlled prices in stores across the UAE.
Buyers can negotiate a lot for the duty charged on gold products in Dubai, which can bring down the prices further.
However, Indian citizens planning to buy gold from Dubai should note that the purchase will be liable to customs duty and other taxes which will effectively make the overall cost higher than the rates in India. government of India The UAE has enacted several regulations, limiting the amount of gold that can be brought into the country duty-free from the UAE. Depending on the time spent abroad by a person and their gender, individuals can bring in gold worth Rs 50,000 to Rs 100,000.
Any attempt to evade import and customs duty may invite legal troubles.
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