What are the restrictions on bringing gold to India after purchasing it in Dubai?
Meena Ganesan asked:
I am an Indian citizen. I am planning to buy gold in Dubai and bring it to India. What are the restrictions?
I am going on a 3-day visit to Dubai. Hence planning to do some gold purchase there. I will not be working there or staying there for more than 3 days.
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on Tuesday, March 31st, 2009 at 12:00 am and is filed under United Arab Emirates.
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I am an Indian citizen. I am planning to buy gold in Dubai and bring it to India. What are the restrictions?
I am going on a 3-day visit to Dubai. Hence planning to do some gold purchase there. I will not be working there or staying there for more than 3 days.
March 31st, 2009 at 12:57 am
it isnt hallmarked… and also dubain gold isnt guranteed… it might be unpure or something. u cant trust gold from there
March 31st, 2009 at 8:58 pm
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.
April 3rd, 2009 at 3:42 pm
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..