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 .
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Ensure the gold has a recognized hallmark (e.g., the Dubai Central Laboratory Department or Swiss refinery stamps) to guarantee its resale value.
Many Western countries charge VAT on jewelry but exempt "investment-grade" bullion. Choosing the right purity (e.g., 24K bars vs. 18K jewelry) is key to saving on taxes.