I used credit card for buying gold at Dubai. 3.5% markup charge +18% GST for markup charge. Ex. 100000 +3500+630= 104130 So around 4.13% If we convert INR to Drhm at India minimum charge is 3.25%+ tax(180rs for 1L). So around 3.42% International credit card is better than carry a currency for Gold purchase. Making charge is 5 to 6 % is reasonable at branded shop. More than 6% not profitable at there. Maximum branded shop they charge more making charge.
Can you please answer my queries: 1.) I'm planning to buy gold in Dubai for my wife and kid. I now know that we need to pay 38.5 percent as tax as I don't stay in Dubai. Can they wear it and come out safely without being caught at Bangalore airport from Dubai? 2.) In the customs form I shouldn't mention that these 40gms or 2 lakhs worth gold is purchased from Dubai right? 3.) Does Malabar or Joyalukas in Gold Souk Dubai offer free making charges or you need to visit local shops in Shouk? 4.) Do all shops charge for credit card or some shops exempt? 5.) Is it possible to get caught with gold (20gms or lesser) even if we say that this was purchased in India? I'm landing at Bangalore airport so if you have any suggestions, please let me know. 6.) what's the total savings that we can get buying 40gms gold in total (for my wife and kid) when compared to India? Is it worth taking all these tensions?
I won’t be advising anything against the laws. But what I saw is mentioned in the video. - To avoid making charges go to Gold souk -Yes all gold shops charge extra for credit card - Not much difference in saving if you buy little amount of gold - Customs have caught several people brining gold coins and biscuits
Thanks for the straight forward info. Every damn video is of finance influencers making cringy skits around why buying gold in Dubai is not a good idea. God damn. So cringy and absolutely uninformative. You saved me a lot of time.
Thanks for straight info , I am going from USA to India and my overnight stay in Dubai. If I want to do normal gold shopping where quickly I visited ( Trusted gold shop) near airport to buy gold . if you could help
Hey, thanks for the information. But I have one question I have been working in Dubai for around 2 years but I visited India 2 times.. so it is like if I have to carry 10gm I have to be in Dubai for the continuous previous 12 months?
Hey i am gonna go to dubai for 5 days From Bangladesh Can i buy gold from there wear it and come back to Bangladesh Will i face any complication in the airport
Reduce the background music
Thank you for the feedback. Will definitely keep this in mind for the next videos.
I used credit card for buying gold at Dubai. 3.5% markup charge +18% GST for markup charge.
Ex. 100000 +3500+630= 104130
So around 4.13%
If we convert INR to Drhm at India minimum charge is 3.25%+ tax(180rs for 1L). So around 3.42%
International credit card is better than carry a currency for Gold purchase.
Making charge is 5 to 6 % is reasonable at branded shop. More than 6% not profitable at there.
Maximum branded shop they charge more making charge.
If you use a niyo credit card with 0% charges then a shop person can charge 2.5% extra charges for the card ?
@Naveen_Y9 niyo is a big scam. Check my other video from same series
Can you please answer my queries:
1.) I'm planning to buy gold in Dubai for my wife and kid. I now know that we need to pay 38.5 percent as tax as I don't stay in Dubai. Can they wear it and come out safely without being caught at Bangalore airport from Dubai?
2.) In the customs form I shouldn't mention that these 40gms or 2 lakhs worth gold is purchased from Dubai right?
3.) Does Malabar or Joyalukas in Gold Souk Dubai offer free making charges or you need to visit local shops in Shouk?
4.) Do all shops charge for credit card or some shops exempt?
5.) Is it possible to get caught with gold (20gms or lesser) even if we say that this was purchased in India? I'm landing at Bangalore airport so if you have any suggestions, please let me know.
6.) what's the total savings that we can get buying 40gms gold in total (for my wife and kid) when compared to India? Is it worth taking all these tensions?
I won’t be advising anything against the laws. But what I saw is mentioned in the video.
- To avoid making charges go to Gold souk
-Yes all gold shops charge extra for credit card
- Not much difference in saving if you buy little amount of gold
- Customs have caught several people brining gold coins and biscuits
Thanks for the straight forward info.
Every damn video is of finance influencers making cringy skits around why buying gold in Dubai is not a good idea. God damn. So cringy and absolutely uninformative.
You saved me a lot of time.
Glad I could help. And Thank you for watching the video 🙌
Hi.....while coming from USA, can we buy gold in Dubai airport.....is there any price change in airport?
Yeah you can buy at airport. Not much price difference, but they charge more or less based on designs and stones used in jewellery.
Thanks for straight info , I am going from USA to India and my overnight stay in Dubai. If I want to do normal gold shopping where quickly I visited ( Trusted gold shop) near airport to buy gold . if you could help
Go to gold souk and ask for shops who sell gold without any making charges. There you can get gold at best price.
Did you find any trusted shop im planning to buy gold ring wort of 50k INR
There are lot of shops selling without any making charges, there is one special building for those gold shops.
Hey, thanks for the information.
But I have one question I have been working in Dubai for around 2 years but I visited India 2 times.. so it is like if I have to carry 10gm I have to be in Dubai for the continuous previous 12 months?
No man, you are already eligible to bring gold. More than 10 gms of gold people are bringing anyway.
How i hide gold from Dubai to India u have any ideas plz suggest me i need jewellery not biscuits.
If you try to hide, you get caught. Do not hide.
If I use credit card to buy gold in Dubai. How much cost they charge for credit card and bank side fees.
Depends from where you are buying, some shops wont charge extra, some shop will charge 50 to 100 dhirams extra
Can I use debit card there ?
Is there any charges for debit card
RBI has blocked all Debit cards outside of India sadly.
If i had international access of my debit card ,will it work?
Nope, credit card only works
Bhai music ko aur thora jayada karke video ko music video hi bana de🤣
🤣 Feedback received ✌🏼
@@Pargesparrow no hate bro just music jayada tha koi nehi dheere dheere thik ho jayega 👍👍
🤗💯
Bhai direct batao na kitta diffrrence aayega paiso me
😂😂😂
The difference constantly changes bro, by the time I make video, it will change.
Hey i am gonna go to dubai for 5 days
From Bangladesh
Can i buy gold from there wear it and come back to Bangladesh
Will i face any complication in the airport
People are doing this and it has worked for them. But I am not aware of Bangladesh regulations. So all the best
English please!!!!
🥲
U have to declare to customs before going
Yes, if you are taking anything that needs to be declared, not for everyone
Background music pathetic
Thank you Sri feedback accepted and will be definitely worked on future projects 😇
How much did you buy and what happened at customs ?
Customs didn’t stop us. But something else happened while returning. Stay tuned
@@PargesparrowIdiot, why can't you explain here
what happed bro i am heading in 2 days@@Pargesparrow
Have you entire video brother?
Nobody stopped us, hope you watched the entire video