Known as the "City of Gold," Dubai offers some of the lowest retail prices for jewelry and bars. While there is a 5% VAT, tourists can often claim a VAT refund upon departure.
Investment-grade gold (99.5% purity or higher) has been exempt from Goods and Services Tax (GST) since 2012, making it a premier destination for long-term investors. where to buy cheapest gold in the world
Bars and coins are generally cheaper than jewelry because they lack "making charges" and often benefit from better tax exemptions. Price Comparison (Approximate for 10g of 24K Gold) Estimated Price (USD) Primary Advantage Hong Kong No sales tax / No VAT Switzerland Direct from refineries UAE (Dubai) VAT refunds for tourists United States High dealer competition India High import duties & GST Known as the "City of Gold," Dubai offers
The following countries are consistently ranked as the most affordable places to purchase gold due to favorable government policies and proximity to refineries. Bars and coins are generally cheaper than jewelry