Thinking of buying gold this year? 2025 might be the best time to shop abroad. With India’s gold prices crossing ₹1,23,220 per 10 grams for 24K gold, several countries are offering the precious metal at rates that can make any gold enthusiast’s jaw drop.

Also Read: Where to Buy the Cheapest Gold in India in 2025?

From tax-free markets to strong currencies, these global destinations are redefining affordable gold shopping.

Top 5 Cheapest Countries to Buy Gold in 2025

According to global gold market reports, Switzerland tops the list as the cheapest country to buy gold in 2025. At ₹1,03,000 per 10 grams (24K), prices there are about ₹20,000 cheaper than in India. The Swiss Franc’s strength, efficient bullion refining, and Switzerland’s position as a global gold-trading hub help keep rates highly competitive.

Singapore follows closely with 24K gold priced at ₹1,06,700 per 10 grams. Its tax-free investment-grade gold policy and world-class storage facilities make it a magnet for international investors.

Indonesia, another affordable destination, offers 24K gold at ₹1,07,500 per 10 grams. The country’s domestic production and favorable government policies help maintain stable and accessible prices.

Dubai, famous for its glittering Gold Souk, ranks fourth with gold priced at ₹1,08,000 per 10 grams. The city’s tax-free policy and transparent gold standards make it a global favorite for shoppers.

Turkey rounds out the top five, with 24K gold available at ₹1,09,200 per 10 grams. Combining affordability with exquisite craftsmanship, Turkish gold remains a favorite among travelers.

Top 5 Cheapest Countries to Buy Gold in 2025

Note: Data as of November, 2025. Prices may vary depending on local market rates and currency fluctuations.

Other Popular Gold Hubs: Dubai, Turkey & Hong Kong

The United States, once a top contender for cheap gold, now sees 24K rates at around ₹1,11,900 per 10 grams, slightly higher due to a stronger dollar and rising demand.

Australia follows with gold priced at ₹1,12,040 per 10 grams, supported by abundant local supply and mining output.

Meanwhile, Hong Kong offers gold at approximately ₹1,10,000 per 10 grams, benefiting from zero VAT and a thriving jewelry market led by major brands like Chow Tai Fook and Luk Fook.

How India’s Gold Prices Compare?

India remains among the costliest countries to buy gold this year.

As of November 2025, India’s gold prices remain among the highest globally.

India’s gold rates stand at:

24K gold: ₹1,23,220 per 10g

22K gold: ₹1,12,000 per 10g

The gap between Indian and international prices is largely due to import duties, GST, and the weaker rupee against the U.S. dollar. Gold demand surges during festivals and weddings also push domestic prices higher.

Experts note that while gold serves as a hedge against inflation and global uncertainty, Indian buyers pay a premium compared to international markets.

Experts note that while gold serves as a hedge against inflation and global uncertainty, Indian buyers pay a premium compared to international markets.

Why Do Prices Differ Across Countries?

Gold prices vary due to multiple factors, currency strength, mining output, government taxes, and import policies. Countries like Switzerland and Singapore benefit from stable financial systems and low taxes, while India’s heavy import dependence keeps rates elevated.

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