Cheapest gold in the world– The cheapest gold in the world is found in Indonesia. The price of gold here is less than Dubai. The special thing is that the quality of gold in Indonesia is also of high grade.
The popularity of gold has remained intact for centuries. In India, the craze for gold is of a different level. This is the reason why India is among those countries of the world where gold is consumed the most. In today’s time, despite the availability of many investment options and asset classes, investment in gold has not decreased and it remains the top choice of investors. Gold rates are also different in different countries. In India, it is generally believed that the cheapest gold is available in Dubai. But, in reality it is not so. Gold cheaper than Dubai is also available in the world.
The cheapest gold in the world is found in Indonesia. Gold is not only cheap in this East Asian country, but the quality of gold in Indonesia is also unmatched. The price of 24 carat gold here is 1,330,266 Indonesian Rupiah per 10 grams. In Indian Rupees, it is Rs 71,880 per 10 grams. On October 12, the price of 24 carat gold in India was Rs 77,700 per 10 grams. In this way, gold in Indonesia was about Rs 5,820 cheaper per 10 grams than in India.
Malawi
Malawi is an East African country. It is also famous all over the world for cheap gold. The price of 24 carat gold here is 1,482,660.70 Malawi Kwacha per 10 grams. In Indian rupees it is Rs 72,030. In this way, if we compare the Indian price of 24 carat gold on October 12, then gold in Malawi is cheaper by Rs 5,670.
Hong
Kong also offers cheaper gold than India. Here, on 12 October, the price of 24 carat gold was 665 Hong Kong dollars. This is approximately Rs 72,050. In India, on 12 October, the price of 24 carat gold was Rs 77,700 per 10 grams. Thus, the price of Indian gold in Hong Kong is Rs 5,650 less per 10 grams.
Cambodia
Cambodia is famous for its good quality gold. Here on October 12, the price of 24 carat gold was 347,378.43 Cambodian Riel per 10 grams. If seen in Indian currency, it is approximately Rs 72,060. In Cambodia also, gold is cheaper by Rs 5200 per ten grams than in India.
Dubai
Dubai is one of the 7 emirates of the United Arab Emirates (UAE), and gold prices here are considered to be the cheapest compared to other emirates. The high quality of gold in Dubai and tax-friendly rules make it a major market for gold. On October 12, the price of 24 carat gold in Dubai was 3180.25 AED per 10 grams (about Rs 72,840). This price is Rs 4,860 less per 10 grams than 24 carat gold in India.