Gold prices in Dubai have recently dropped below those in several global markets, drawing attention from travellers planning to buy the metal during visits to the Gulf city. The development has also raised questions about how much gold passengers can legally bring into India without paying customs duty.

Dubai remains a major global hub for gold trading, supplying markets in countries such as India, Switzerland and Hong Kong. According to a report by CNBC-TV18, disruptions in travel linked to tensions in the Middle East have slowed the movement of gold, affecting supply and demand in the local market.

Gold prices in Dubai

The report noted that reduced flight operations during the regional tensions have resulted in excess gold supply in Dubai, while demand has weakened. A bullion dealer in Dubai told CNBC-TV18 that the metal is currently being sold at a discount.

According to the dealer, gold prices in Dubai are about $10 to $30 per troy ounce lower than those in London due to slower trading activity.

Price comparisons also show a noticeable gap. In Hyderabad, 10 grams of pure gold is priced at around ₹1,63,310, while in Dubai the same quantity costs about 6,280 dirhams (approximately ₹1,57,120).

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Duty-free limit for travellers

Under India’s baggage regulations, travellers can bring a limited quantity of gold jewellery without paying customs duty. Male passengers are allowed to carry up to 20 grams, while female passengers can bring up to 40 grams duty-free.

Passengers may be required to show purchase invoices and details of the gold’s purity if asked by customs officials.

Rules for higher quantities

If travellers carry gold above the duty-free allowance, it must be declared at the Red Channel during customs clearance in India. Failure to declare excess quantities may lead to penalties or confiscation.

Experts advise travellers to check current gold prices and retain purchase receipts. They should also verify the gold’s purity before bringing it into India and review official customs guidelines to avoid complications at airports.

{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}