How Much Gold Can You Bring With You From Dubai To India Without Tax?

This month gold rates have plunged significantly after multiple interest rate hikes by the US Federal Reserve. This has helped the US Dollar and US bond yields to surge sharply, however, impacted the commodity markets negatively. Gold rates are struggling to reach the support price. But this is good news for retail investors in India because they are being able to buy gold at cheaper prices. Many investors are also looking forward to importing gold from Dubai, and Riyadh because the gold rates are even cheaper in Saudi.

The limit of importing gold rates from Dubai to India is different for men and women. According to the regulation, a man can bring a maximum of 20 gms of gold and a woman can bring a maximum of 40 gms of gold from Dubai to India. Additionally, children who have lived out of India for above a year, are also allowed to bring gold.

Meanwhile, in Comex futures, gold is quoted at US$ 1,669.40/oz, at the time of writing on September 30, 2022.