Gold Price in India and Dubai in both Indian Rupee (INR) and Emirates Dirham (AED)
This table shows gold rates today in India compared to those in dubai and internatinal rates. In each case, the gold prices are shown in 3 currencies; Indian Rupee (INR), United Arab Emirates Dirahm (AED), and United States Dollar (USD)
|Gold Unit||Gold Price in India||Gold Price in Dubai||International|
** Gold price in AED and USD are converted from Rupees according to the current rate of 1 AED = 18.49 INR and 1 USD = 26,260.14 INR.
Although, gold rates are more or less the same allover the world, it is clear, s shown in the above table, that gold rates in india are significantly higher than the same amount in Dubai and worldwide. This is attributed to higher custom duties applied by Indian athorities on gold imports reaching up to 15%.
As of today, Tuesday 06th December 2016, the price of 10 grams of gold karat 24 in India is Rs 29,840, while in the price of the same amount and the same karat in Dubai is Rs 26,260.14 , with about 13.63 % increase,Read More: India’s gold duty hikes is to Dubai’s advantage