When purchasing gold, the two most important factors to consider are quality and cost. If you are planning a trip to buy gold, you are not alone—many travellers search for destinations where gold is pure and affordable.
Gold jewellery serves both as a valuable investment and an ornament. So, it is crucial to know about the countries where you can buy gold jewellery at lower prices.
Let’s explore the top international destinations for gold jewellery and how to make the most out of our purchases:
Top Countries to Buy Gold Jewellery
The following are some of the best destinations to buy gold jewellery:
Dubai, UAE
Undoubtedly, Dubai is the best country to buy gold jewellery in the world. Lower tax rates and a competitive market keep prices cheaper in Dubai than in most places. The price of one gram of 24k gold is around AED 245 in Dubai (as of July 2024). The famous Gold Souk offers a great shopping experience with some irresistible deals on gold.
Malawi
Malawi is a country worth considering for the lowest gold prices. It is one of the top destinations if you are looking for the lowest gold price country in the world. The price of one gram of 24k gold is around INR 6,346.63 in Malawi. The country is also known for its hospitality and the warm vibe of the locals.
Australia
Another best country to buy gold jewellery is Australia. At about INR 6,347.32 for a gram of 24k gold, the pricing is quite reasonable. The country’s vibrant jewellery industry also offers unique designs not found in most other countries.
Colombia
At INR 6,351.73 per gram of 24k gold, Colombia is often thought to be the cheapest country to buy gold jewelry. With its long tradition of goldsmithing, Colombia offers exquisitely designed pieces. It is an incredible destination to explore when shopping for your next gold item.
Indonesia
Your quest for the best country to buy gold jewellery may also lead you to Indonesia, a country known for its intricate craftsmanship. Although the price is a tad higher, at INR 6,359.47 per gram, the elaborate patterns and distinctive styles more than make up for it.
Conclusion
When planning your trip to buy gold jewellery, the above-mentioned destinations— Colombia, Indonesia, Malawi, Australia, Dubai are the best with incredible pricing and excellent craftsmanship.
Remember to get travel insurance to protect your gold purchases, as well as to be aware of and follow local customs and laws.
With proper planning and complete research, your gold-shopping trip can be fun and rewarding at the same time.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.