Why Gold is cheap in Dubai? | Fact star k fans
- 2 years ago
Why Gold is cheap in Dubai? | Fact star k fans
#dubai #gold #jewellery
Why Gold prices are cheaper in Dubai than india
The main reason Dubai do not impose tax on their gold so dealers sell the gold with some profit margin.So Dubai will sell at International Spot gold price in USD x USD/DHS exchange rate plus dealers profit.Where as in India, govt impose 10% import duty on every gold India imports. On top of the import duty, jewellers will add their logistics charges plus minting charges plus 3% GST.
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