USA vs India gold price: where is gold cheaper?

Many Indians living in the USA ask whether they should buy gold there or wait for their trip home. Here is the live price difference and the costs that matter.

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International gold (spot): … per troy ounce · … per gram · … per 10 g

India 24K (est.): … per gram · … per 10 g · about … per gram

India 22K (est.): … per gram

… · India price is about … above the international price (import duty + local premium), before 3% GST.

Why India's gold price is higher

India imports most of its gold and charges 15% import duty. On top of that, buyers pay 3% GST. In the USA, the bullion price is close to the international spot price; sales tax on bullion depends on the state, and many states exempt it.

Why jewellery can still be cheaper in India

Indian jewellers usually charge making charges of roughly 8–25% for 22K jewellery, and the variety of 22K designs is far larger. In the USA, 22K jewellery is less common and retail markups on finished jewellery are often higher.

Simple rule

Coins or bars as an investment: generally cheaper in the USA. 22K jewellery for weddings: often better value and choice in India. If you carry gold into India, check the duty-free limits first.

Indicative information only, not financial or tax advice.