Dubai Gold Rate in Indian Rupee (INR)
The first table shows gold rate in Dubai in Indian Rupee. Dubai gold rates are based on the spot gold price in USD and are converted to INR according to the current exchange rates, where 1 USD= 71.85 INR.
The second table shows gold rate in India in Indian Rupee. India gold rates are the actual gold rates in India which are different than the international price.
Table 1: Gold Price in Dubai in Indian Rupee (INR)
| Gold Unit | Gold Price in Indian Rupee (INR) |
|---|---|
| 1 Ounce | 124,203 |
| 10 Tolas | 465,762 |
| 10 Grams 24K | 39,937 |
| 10 Grams 22K | 36,606 |
Table 2: Gold Price in India in Indian Rupee (INR)
| Gold Unit | Gold Price in Indian Rupee (INR) |
|---|---|
| 1 Ounce | 133,666.38 |
| 10 Tolas | 501,248.91 |
| 10 Grams 24K | 42,979.54 |
| 10 Grams 22K | 39,394.75 |
The gold price in Dubai is always cheaper than in India because of many factors, the most important is the import duty on gold. Dubai has 0% import duty on gold and hence the gold price in Dubai is almost identical to the international price, while India has 10.35% import duty on gold so the gold price in India is higher than in Dubai by about 11%.
Update: in 2018, the government has applied a 5% VAT (Value Added Tax) on purchasing goods including gold which has led to an increase in the gold price in Dubai than before, however the price is still significantly lower than other countries.
