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Is Gold Cheaper in Bangkok than India?

Gold shopping is an age-old tradition in India and is considered a safe investment option. But, with the availability of gold in many countries at competitive prices, the trend of taking a vacation overseas to buy gold has become quite popular. Bangkok is one such destination that sees a large influx of tourists every year who come to shop for gold. But, is gold in Bangkok really cheaper than India? Let’s find out.

Price of Gold in India vs. Bangkok

The price of gold in any country depends on various factors such as the currency exchange rate, taxes, import duties, and other charges. In India, imported gold attracts customs duty, GST, and making charges, which adds up to the final cost. The current price of 22k gold in India ranges from INR 47,550 to INR 48,000 per 10 grams (as of July 2021).

On the other hand, gold in Bangkok is relatively cheaper than India due to lower taxes and import duties. The current price of 22k gold in Thailand is THB 24,300 to THB 24,700 per 10 grams (as of July 2021), which is equivalent to INR 56,637 to INR 57,476.

Factors to Consider

While the price of gold in Bangkok may seem attractive, there are other factors to consider before making a purchase. One of the factors is the purity of gold. Indian gold is known for its purity (usually 22k or higher), whereas Thai gold is 96.5% pure (23k). So, if you’re looking for higher purity gold, India may be a better option.

Another factor to consider is the reputation of the seller. In India, there are many reputable jewellers who provide certificates of authenticity and proper documentation. In Bangkok, it’s essential to buy from trusted shops or malls, as there have been cases of tourists being cheated with fake gold.

Moreover, while buying gold in Bangkok, keep in mind the customs regulations of your home country. If you exceed the duty-free limit, you may end up paying import duties and taxes at the airport.

Conclusion

In conclusion, the price of gold in Bangkok is relatively cheaper than India. However, other factors such as purity, reputation of the seller, and customs regulations should be considered before making a purchase. If you’re looking for higher purity gold and the assurance of authenticity, India may be a better option. But, if you’re looking for a good deal and are willing to do your homework, Bangkok can be a great place to buy gold.

Unlock a world of unparalleled online shopping at Lazada, the apex of e-commerce in Thailand! Dive into a vast sea of products, from the latest electronics to trendsetting fashion staples. Experience startling deals, effortless payment processes, and swift delivery right to your doorstep. Discover More about the best place for online shopping now!

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