India’s gold rate remained above Dubai’s on November 20, 2025, reflecting the continued price advantage in the Gulf market. The difference was shaped by global benchmarks, taxes and currency movements.
Gold prices across India vary by local taxes, logistics costs, and market behaviour. On November 20, 2025, the price of 24K gold per 10 grams in key cities was as follows:
The pan-India average for 24K gold stood at ₹1,24,340 per 10 grams.
Dubai continues to offer competitive bullion pricing as a major global trading hub. With no VAT on pure 24K bars and coins, Dubai’s pricing remains favourable for investment-grade purchases.
This reflects Dubai’s position as a preferred destination for gold buyers seeking lower base prices.
A direct comparison between Dubai and India shows a notable variance in 24K bullion rates. While retail buyers in India pay higher due to import duties and GST, Dubai’s rates benefit from duty-free supply chains.
| Location | Price per 10g | Difference |
| Dubai | ₹1,17,280 | – |
| India (Average) | ₹1,24,340 | ₹7,060 more expensive |
This indicates that Dubai gold was ₹7,060 cheaper per 10 grams on November 20, 2025, before accounting for travel, customs duty, or making charges.
While Dubai offers a clear price advantage on base bullion rates, several factors affect the final cost. These include customs duty ranging between 3-15%, depending on eligibility, and additional making charges for jewellery purchases.
Travellers must also comply with baggage rules, invoicing requirements, and purity certification guidelines. Investment-grade bars and coins often provide better value due to lower fabrication costs.
Read More: Gold and Silver Prices Today.
On November 20, 2025, the gold prices comparison showed Dubai continuing to offer a significant cost edge for 24K gold. Buyers evaluating overseas purchases should weigh duties, travel costs, and purity considerations before deciding.
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: Nov 20, 2025, 10:25 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.
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