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What Are The Restrictions On Bringing Gold To India After Purchasing It In Dubai?
Jul
7
2009
I am an Indian citizen. I am planning to buy gold in Dubai and bring it to India. What are the restrictions?
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Answer #2
it isnt hallmarked… and also dubain gold isnt guranteed… it might be unpure or something. u cant trust gold from there
Answer #3
Hi dear,
You can buy gold and take it with you outside UAE without any restictions provided u have the ORIGNAL receipts proving that u have bought them from where and which date. I am not sure but on checking, I cam to know that upto 5 Kg of gold u r allowed to take with u. But please confirm urself with the concerned autthorities as it will also depend how long u have stayed here, wht u were working as and some other issues.
Also do check in India as well, how much they normally allow you to take with u. u might have to pay some duty there to get clearance.
The gold which u get in dubai is better quality than that which u buy in India. And if you go for the BAHRAIN’s gold, it ranks higher than UAE’s.
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Answer #1
Take my advise.
Do not purchase gold now…the price is going to fall
as IMF is selling about 400 tonnes of gold,at the end of this month..