Good news for gold buyers: It is said that India is a golden bird and this bird has been looted many times. Even today, in India, on every festival or any kind of celebration, people consider it more auspicious and good to do the transaction of gold and silver. Due to the attachment towards gold, people often go to foreign countries in search of cheap gold.
Indian people often bring gold from Dubai and behind it is the best pure quality of gold. Compared to the Indian market, gold is comparatively cheaper in the Dubai market, due to which people often buy gold from Dubai while traveling.
However, many times people not only pay customs duty for bringing more than the limit, but they also have to pay fine at the airport.
Now gold will come to India from Dubai at only one percent.
Due to the agreement between India and the United Arab Emirates, now the Government of India will schedule a window program regarding the import of cheap gold from the United Arab Emirates. Under this new agreement, a discount of 1% will be given on the import duty of 140 tonnes of gold.
If you are traveling from UAE to India, please note that men can bring gold up to a maximum of ₹50,000 and women can bring gold up to a maximum of ₹1.5 Lakh, more than this gold will have to be paid at the customs or at the airport. But a heavy fine will have to be paid.
