On October 23, 2025, gold prices in Dubai continue to offer a cost advantage over major Indian cities like Bangalore, Mumbai, and New Delhi for both 22K and 24K variants. Factors such as currency exchange rates, local demand, import duties, and taxes contribute to these differences.
Gold prices in India vary slightly across cities due to local market dynamics. The rates below represent per 10 grams for 24K and 22K gold, based on the latest available data.
| City | 24K Gold (10g) | 22K Gold (10g) |
| Bangalore | ₹1,25,880 | ₹1,15,390 |
| Mumbai | ₹1,25,880 | ₹1,15,390 |
| New Delhi | ₹1,26,030 | ₹1,15,540 |
Note: Rates are as of 09:42 AM on October 20, 2025. Prices may change based on market fluctuations.
Dubai serves as a global hub for gold trading, often with lower base prices due to its tax-free environment. The current exchange rate stands at 1 AED = ₹23.97. The table shows morning rates for 24K and 22K gold, converted to INR.
| Purity | Dubai Price (AED/gram) | INR/gram | INR/10 gram |
| 24K | 490.50 | ₹11,757 | ₹1,17,573 |
| 22K | 454.25 | ₹10,888 | ₹1,08,884 |
Note: Prices reflect Dubai's morning gold rates on October 20, 2025. INR values calculated using the latest available AED-INR rate.
Comparing average Indian prices to Dubai rates reveals potential savings, excluding additional costs like import duties. The analysis uses data from the listed cities.
| Karat | India Avg (10g) | Dubai (10g) | Price Difference |
| 24K | ₹1,25,930 | ₹1,17,573 | ₹8,357 |
| 22K | ₹1,15,440 | ₹1,08,884 | ₹6,556 |
Currency fluctuations play a key role, with AED pegged to USD affecting INR conversions. India's high import duties, up to 15% on values over ₹50,000, widen the divide.
Local demand surges during festivals elevate Indian premiums. Global cues like US interest rates impact both markets, though Dubai benefits from free zones.
Read More: RBI Gold Reserves Cross $100 Billion as Bullion Prices.
On October 23, 2025, Dubai's gold prices remain lower than India's by ₹6,556–₹8,357 per 10 grams for 22K and 24K variants. Buyers must weigh duties, VAT, and logistics against these advantages for informed decisions. Monitoring live rates ensures alignment with market shifts. Ultimately, Dubai offers value for bulk purchases, supporting India's cultural affinity for gold investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 23, 2025, 10:02 AM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN