Cheap Gold in the World: Due to the ongoing war between US and Iran, along with oil, the prices of gold and silver are also continuously increasing. On June 8, 2026, the price of 24 carat gold was around Rs 1.53 lakh to Rs 1.56 lakh per 10 grams, while 22 carat gold was seen trading at the level of around Rs 1.40 lakh to Rs 1.45 lakh per 10 grams.

Amidst the rising prices of gold, the question often arises that where is the cheapest gold found in the world? Although the international price of gold is almost the same, but due to taxes, import duty, VAT, local tax and making charges, its final price changes in different countries. Let us tell you those 5 countries where gold is cheaper than India.

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Dubai (UAE)
Dubai is counted among the most popular gold markets in the world. Due to low taxes here and high competition in the market, gold is often cheaper than India.

hong kong
There is a very low tax on gold in Hong Kong, due to which its prices remain lower than in many countries.

Singapore
Singapore gives tax exemption on investment-grade gold, so gold is considered relatively cheap here too.

Switzerland
Switzerland is the world’s largest gold refining hub. Here investors get better prices due to purity and low tax regime.

saudi arabia
Making charges and taxes are relatively low in Saudi Arabia also, hence gold is cheaper here than in India.

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Why is gold expensive in India?
India imports most of the gold it needs. Import duty, GST, transportation cost and making charges on jewelery increase the price of gold. Apart from this, heavy demand during weddings and festivals in India also keeps the prices high.

Let us tell you that getting cheap gold abroad does not mean that Indian buyers will save the same amount. Indian customs rules, duties and other charges apply when bringing gold from abroad. Therefore, it is important to estimate the total cost before purchasing.