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Where Is Gold Cheapest Today?

Gold costs the same $4,009.83 an ounce ($128.92 a gram) everywhere before tax. What differs is tax and import duty. Today 30 of the 41 countries here charge nothing on investment gold bars and coins, including UAE, Hong Kong, Singapore, Switzerland, UK, United States, Germany and 23 more, so a 24K bar costs about the world price there (plus the dealer's premium). The most expensive is Nepal, at +20.6% over the world price (20% customs duty plus 0.5% skill promotion fee). For jewellery, the gold itself is untaxed in 8 countries (including Hong Kong, Kuwait, Qatar, Malaysia and 4 more) and taxed most in Ireland and Poland (+23%), before making charges.

Live price Oct 26, 2026, 04:24 UTC · Taxes and duties as of 26 October 2026 · Exchange rates from this site's daily feed

World price
$128.92/g
$4,009.83 per ounce, 24K
No tax on gold bars
30 countries
of 41 compared
Dearest for bars
+20.6%
Nepal: $155.48/g
Jewellery: most tax
+23%
Ireland and Poland · untaxed in 8 countries

Gold price with taxes by country, today

Price for
Sort by
Country24K bar or cointax + duty, local priceOver world priceJewellery (metal value)tax + dutyNotes
EgyptEGP E£7,177.79no tax world price 0%no tax on the gold Local 21K prices traded far above world parity in the 2023 currency crisis, about 50% in May 2023.
Hong KongHKD $1,011.09no tax world price 0%no tax on the gold Flat to a $1/oz premium on 9 Oct 2026.
KuwaitKWD KWD 39.94no tax world price 0%no tax on the gold
MalaysiaMYR RM 526.67no tax world price 0%no tax on the gold
QatarQAR QAR 469.27no tax world price 0%no tax on the gold
ThailandTHB ฿4,352.59no tax world price 0%no tax on the gold The Gold Traders Association price is built from spot and USD/THB plus a dealer spread, in 50-baht steps.
TurkeyTRY ₺6,418.76no tax world price 0%no tax on the gold Grand Bazaar prices sit above world parity because of the import quota.
VietnamVND ₫3,329,934no tax world price 0%no tax on the gold SJC bars and 9999 rings trade above converted world price, by a premium that changes daily and was at times very wide in 2024-2025.
IndonesiaIDR Rp 2,332,183no tax world price +1.7%1.65% VAT Antam's Logam Mulia selling price carries a premium over converted spot that is highest per gram on small bars;
PakistanPKR Rs 35,703no tax world price +3%3% sales tax Dealers said local rates carry a premium of around $20/oz over international prices (about 0.5%): The News, 12 Jul 2026 (Rs433,536 per tola…
OmanOMR OMR 49.57no tax world price +5%5% VAT
UAEAED AED 473.46no tax world price +5%5% VAT Tourists can reclaim the tax on jewellery.
United StatesUSD $128.92no tax world price +7.5%7.53% state and local sales tax
SwitzerlandCHF CHF 106.30no tax world price +8.1%8.1% MWST/TVA Tourists can reclaim the tax on jewellery.
SingaporeSGD $164.83no tax world price +9%9% GST Very small: 50 cents to $1.50/oz over the benchmark on 9 Oct 2026.Tourists can reclaim the tax on jewellery.
AustraliaAUD $183.44no tax world price +10%10% GST Tourists can reclaim the tax on jewellery.
BahrainBHD BHD 48.47no tax world price +10%10% VAT Tourists can reclaim the tax on jewellery.
CanadaCAD $180.66no tax world price +13%13% GST/HST
Saudi ArabiaSAR SAR 483.45no tax world price +15%15% VAT Tourists can reclaim the tax on jewellery.
South AfricaZAR R 2,139.90no tax world price +15%15% VAT Tourists can reclaim the tax on jewellery.
MexicoMXN $2,413.77no tax world price +16%16% IVA Tourists can reclaim the tax on jewellery.
PeruPEN PEN 443.69no tax world price +18%18% IGV
ChinaCNY ¥860.85no tax world price +18.9%18.9% VAT + consumption tax Shanghai premium of $10/oz over the global benchmark on 9 Oct 2026 (Reuters).Tourists can reclaim the tax on jewellery.
GermanyEUR €115.01no tax world price +19%19% umsatzsteuer Tourists can reclaim the tax on jewellery.
FranceEUR €115.01no tax world price +20%20% TVA Tourists can reclaim the tax on jewellery.
UKGBP £96.40no tax world price +20%20% VAT
NetherlandsEUR €115.01no tax world price +21%21% BTW Tourists can reclaim the tax on jewellery.
ItalyEUR €115.01no tax world price +22%22% IVA Tourists can reclaim the tax on jewellery.
IrelandEUR €115.01no tax world price +23%23% VAT Tourists can reclaim the tax on jewellery.
PolandPLN zł 506.18no tax world price +23%23% VAT Tourists can reclaim the tax on jewellery.
BrazilBRL R$650.401% IOF-Ouro +1% not comparableState ICMS (18% in São Paulo, charged on the tax-inclusive price) plus 12% IPI and PIS/COFINS; the total tax load is roughly 34–50% of the pre-tax price.
BangladeshBDT ৳16,4031% VAT + 2% duty +3% +3.1%1.1% VAT + duty BAJUS sets its price from the local price of pure (tejabi) gold, not directly from the world price, so it can lag or lead world prices.
NigeriaNGN ₦184,9187.5% VAT +7.5% +7.5%7.5% VAT
JapanJPY ¥22,24610% Consumption tax +10% +10%10% consumption tax Ex-tax wholesale gold was within 50 cents/oz of the benchmark on 9 Oct 2026.Tourists can reclaim the tax on jewellery.
South KoreaKRW ₩187,74410% VAT +10% +10%10% VAT KRX prices can move away from the international price when supply is short.Tourists can reclaim the tax on jewellery.
PhilippinesPHP ₱9,194.8312% VAT +12% +12%12% VAT
KenyaKES KES 19,42216% VAT +16% +16%16% VAT
IndiaINR ₹14,5313% GST + 15% duty +18.5% +18.5%3% GST + duty Dealers quoted a discount of up to $6/oz to the official domestic price, which includes 15% duty and 3% GST, on 9 Oct 2026.
ColombiaCOP $486,39619% IVA +19% +19%19% IVA Tourists can reclaim the tax on jewellery.
GhanaGHS GH₵1,797.9620% VAT 15% + NHIL 2.5% + GETFund levy 2.5% +20% +20%20% VAT 15% + NHIL 2.5% + GETFund levy 2.5% GoldBod prices its tablets at spot plus refining and minting costs, packaging and a markup, updated every Monday (rate not published).
NepalNPR Rs 23,6700.5% Skill promotion fee + 20% duty +20.6% +20.6%0.5% skill promotion fee + duty The FENEGOSIDA daily rate is built from the world price plus duty and fees, under rationed import quotas.
The gold content at today's world price, with import duty and VAT / GST / sales tax added; converted at today's exchange rate. Not included: dealer premiums on bars and coins (often 1–5%), jewellers' making charges (often 5–25%) and local market premiums or discounts (see the notes). "Jewellery" assumes the tax is charged on the full value unless the note says otherwise. Taxes as of 26 October 2026; check locally before you buy.

Dubai vs India today: 10 grams of 24K gold

India (market rate + GST)
₹1,45,315
15% import duty plus 3% GST
Dubai, 24K bar
₹1,22,680
no VAT on investment gold · 15.6% less
Dubai, 24K jewellery (metal)
₹1,28,814
with 5% VAT · 11.4% less, before making charges

Bringing gold back to India: duty-free limits apply and duty is charged above them — see how much gold you can bring to India and the UAE rules. Live rates: gold rate in Dubai · gold rate in India.

Why gold costs more in some countries

Gold is priced in US dollars on world markets, so an ounce costs the same everywhere before local costs. Three things change what you pay:

Import duty. A few countries tax gold coming in, which lifts the whole local market price — India is the biggest example. VAT, GST or sales tax. Most countries exempt investment-grade bars and coins (usually 99.5% pure or more) but tax jewellery in full. Premiums and charges. Dealers add a premium to bars and coins, and jewellers add making charges, which often matter more than tax.

Some markets also trade at their own price: when demand outruns legal supply, the local price can sit well above the world price (or below it, when buyers hold back).

Before you buy abroad

Check how much gold you can bring home duty-free: gold travel allowances by country. Keep the receipt and the tax-free form, buy hallmarked gold from an established shop, and compare making charges as well as the gold rate.

Live local prices: gold price in 46 countries · jewellery bills: jewellery price calculator.

Where Is Gold Cheapest? FAQ

Where is gold cheapest in the world?

Before dealer premiums, gold bars and coins cost the same world price — $4,009.83 an ounce today — in every country that charges no tax or duty on investment gold: UAE, Hong Kong, Singapore, Switzerland, UK, United States, Germany, Saudi Arabia, Kuwait, Qatar, Canada, Australia and 18 more. Differences between those places come from dealers' premiums and exchange-rate spreads, which are usually a few percent. Jewellery is a different story: VAT and making charges vary a lot (see the jewellery column).

Is gold cheaper in Dubai than in India?

Yes, mainly because of India's 15% import duty plus 3% GST. Today 10 grams of 24K gold costs about ₹1,45,315 in India (market rate with duty and GST) against ₹1,22,680 for a 24K bar in Dubai (no VAT on investment gold) — 15.6% less. Jewellery in Dubai pays 5% VAT (tourists can claim most of it back), so the metal in 24K jewellery costs about 11.4% less than in India, before making charges. Bringing it home is limited by India's duty-free allowance: see how much gold you can bring to India.

Why is gold so expensive in India?

Because India adds 15% import duty plus 3% GST to the world price, so gold in India costs about 18.5% more than the world price before making charges.

Which countries charge VAT or sales tax on gold bars?

Of the countries here: Nepal +20.6%; Ghana +20%; Colombia +19%; India +18.5%; Kenya +16%; Philippines +12%; South Korea +10%; Japan +10%; Nigeria +7.5%; Bangladesh +3%; Brazil +1% (tax and import duty combined, on the world price).

Does this include the dealer premium or making charges?

No. The table shows the price of the gold content with taxes and duty only. Dealers sell bars and coins at a premium over spot (often 1–5% for bars, more for small coins), and jewellers add making charges (often 5–25%). Compare those locally before you buy.

Can tourists get the VAT on gold jewellery back?

In 18 of these countries: UAE, Saudi Arabia, Bahrain, Singapore, Japan, China, South Korea, Germany, France, Italy, Netherlands, Ireland, Poland, Switzerland, Australia, South Africa, Mexico and Colombia. Not in Oman, UK, United States, Canada, Peru, Philippines, Nigeria, Kenya and 1 more. Schemes usually need a minimum spend at one shop, a tax-free form from the seller and the goods in your luggage when you leave, and operators keep a fee. In the UAE, for example, the refund is the 5% VAT less 13% and a small fee per invoice. Investment gold usually has no VAT to refund.

Sources for each country's taxes and duty are listed in the table data (tax authorities, customs notices and major accounting firms), reviewed October 2026. Rules change: check with the seller or customs before you buy. Not tax or investment advice.

Sources by country