By Admin 
Bahrain, one of the Gulf countries, is not only known for its modernity and tourism, but its gold market also attracts people from all over the world. The special thing is that gold in Bahrain is much cheaper than in India. This is the reason why Indian tourists visiting here often like to do gold shopping. But do you know how much gold can be bought from Bahrain and brought to India, otherwise let us tell you today how cheap gold is in Bahrain and how much gold can be bought from there and brought to India.
Bahrain, a small but rich country in the Gulf
Bahrain is a small Arab country located in the south-western part of the Persian Gulf. It is an island group, which apart from the main Bahrain island, includes about 30 small islands. Its name is derived from the Arabic word al-Bahrain, which means two seas. Even though Bahrain is small in area, it is counted among the economically strong countries. Bahrain is located in an oil producing region, but it has very little oil reserves. Bahrain’s economy has long been based on processing crude oil imported from neighboring countries. Apart from this, Bahrain is also developing rapidly in banking, finance communication and tourism sectors.
Why is gold cheap in Bahrain?
Gold is much cheaper in Bahrain than in India. The main reason why gold is cheap in Bahrain is its gold market and low taxes. Actually, the tax on gold biscuits and jewelery in Bahrain is very low. Therefore, gold prices there are much lower than in India. Apart from this, the quality of gold in Bahrain is also of high level, due to which customers are able to get better gold there. At present, the price of 22 carat gold in Bahrain is BHD 46.30.
How much gold can India buy from Bahrain?
If you want to buy gold from Bahrain and bring it to India, then it is necessary to follow some rules. The Government of India and the Customs Department have set a limit for bringing gold from abroad. According to which you can bring gold up to the limit fixed by the government to India without tax. At the same time, if a person brings more gold than the prescribed limit, then he has to pay custom duty on that gold. At present, on bringing gold into India, one has to pay 12.5 percent custom duty and three percent GST. This tax is based on the current market price of gold. However, people who have been living abroad for 1 year or more are given some relaxation and can bring a slightly higher amount of gold than normal travelers. Apart from this, according to the rules of the Government of India, men and women can bring gold from abroad within different limits.
Female passenger- Women travelers from abroad can bring 40 grams of gold duty free. Whose price can be up to Rs 1 lakh.
Male passenger- Male travelers from any country can bring 20 grams of gold duty free into India. Whose price can be up to Rs 50 thousand.
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