Is it better to buy Gold Overseas or in India?
Indians adore gold profoundly. The culture and heritage teach Indians to put aside a percentage of their income to buy gold. Gold can also be used as a credit given to banks to secure loans or to also improve the credit score to get a more significant loan.
How much gold can you get into India from abroad?
Well if you are someone that is travelling form a foreign country to India and are a resident of India, then the rules and regulations on getting gold into the country are as follows.
• Fifty thousand rupees worth of gold is allowed for males and 1 lakh rupees value of gold for females is allowed without any duty
• Necessary inscriptions on the gold bars.
Risks of buying overseas.
Despite the marginal difference is prices if for some reason you do buy gold from overseas then please be aware of the following risks;
• Dealers abroad can try to scam foreign travelers.
• Sellers might emotionally compromise you into believing that the gold is original and certified. You must get all the gold from authorised dealers and check for certification such that you are not scammed.
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