A global hub for gold refining. It is one of the best places for investment-grade bullion because it is VAT-exempt and trades very close to international spot prices.
Known as the "City of Gold," Dubai offers some of the lowest retail prices for jewelry and bars. While there is a 5% VAT, tourists can often claim a VAT refund upon departure. where to buy cheapest gold in the world
Countries like India have high import duties (often over 10%), which inflates the local price compared to duty-free hubs like Hong Kong or Dubai . A global hub for gold refining