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Gold Price
Gold's rising price makes it a favorite investment. People invest in pure gold through ETFs and bonds, and also buy jewelry.
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Do you know where to find the world's cheapest gold?
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The cheapest gold is found in Bhutan due to the absence of taxes.
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Bhutan's low import duties contribute to its low gold prices.
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For the highest quality gold (99.99% pure), look to Switzerland.
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Canada, South Africa, Australia, China, and Russia also offer high-quality gold.
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Indians can buy up to 20g (40g for women) of duty-free gold in Bhutan at duty-free shops in Thimphu and Phuentsholing.
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The price difference for 24k gold between India and Bhutan is about ₹2000 per 10 grams.
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Buying gold from Bhutan can be profitable due to competition, low prices, and duty-free availability for tourists, under certain conditions.
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Profitable if you buy within the legal framework to avoid high duties, have US dollars for payment, and want gold bars, not jewelry.