Gold has always been a sought-after investment and a symbol of wealth. With fluctuating global prices and varying tax policies, some countries offer significantly lower rates for purchasing gold. Based on recent reports and trusted gold pricing sources, here are the top 10 cheapest countries to buy gold in 2025.
List of the Cheapest Countries to Buy Gold in 2025
Below is the price of 24k and 22k gold per 10 grams in Indian Rupees (INR) as of February 4, 2025.
| Country | 24k Gold Price (Per 10g) in INR | 22k Gold Price (Per 10g) in INR |
|---|---|---|
| USA | ₹72,280 | ₹67,920 |
| Australia | ₹73,580 | ₹67,900 |
| Singapore | ₹77,110 | ₹69,390 |
| Switzerland | ₹78,660 | ₹71,960 |
| Indonesia | ₹78,860 | ₹73,530 |
| Dubai | ₹78,960 | ₹74,690 |
| Turkey | ₹79,310 | ₹70,960 |
| Hong Kong | ₹79,400 | ₹72,800 |
| Malawi | ₹79,400 | ₹72,460 |
| Colombia | ₹79,500 | ₹72,440 |
Note: Prices are subject to fluctuations based on market conditions.
Cheapest Countries to Buy Gold in 2025: A Closer Look
1. USA
The United States offers the lowest gold prices in 2025, with 24k gold priced at ₹72,280 per 10 grams. The strength of the US dollar plays a crucial role in keeping gold prices relatively low. Additionally, a highly competitive market and the presence of numerous gold dealers help drive down the price further. Buyers should consider customs duties when purchasing gold from the U.S.
2. Australia
Australia follows closely with gold priced at ₹73,580 per 10 grams. As one of the world’s top gold-producing nations, Australia benefits from a stable supply chain that keeps prices competitive. The Perth Mint, owned by the Government of Western Australia, is a major player in the global gold market.
3. Singapore
In Singapore, 24k gold is priced at ₹77,110 per 10 grams. Singapore offers a tax-friendly environment, where investment-grade gold is exempt from the Goods and Services Tax (GST). Its reputation as a financial hub with secure storage facilities makes it a preferred destination for gold investors.
4. Switzerland
With gold priced at ₹78,660 per 10 grams, Switzerland remains a stronghold for gold trading. As a global financial center with a strong currency (Swiss Franc), the country plays a key role in the global gold market. Switzerland’s monetary policies and investor trust further impact gold pricing.
5. Indonesia
Indonesia, a major gold producer, offers gold at ₹78,860 per 10 grams. Local production and favorable supply-demand dynamics contribute to its competitive pricing. The country’s trade policies and government regulations also play a role in shaping its gold market.
6. Dubai, UAE
Dubai is renowned for its tax-free gold market, with 24k gold priced at ₹78,960 per 10 grams. The city’s Gold Souk offers a wide variety of gold products at prices closely linked to international rates. The absence of taxes and duties makes Dubai an attractive destination for gold buyers.
7. Turkey
Turkey offers 24k gold at ₹79,310 per 10 grams. The country’s historical significance in gold craftsmanship and its strategic position between East and West make it a popular market. Istanbul’s Grand Bazaar is a well-known destination for gold buyers.
8. Hong Kong
Hong Kong, a major financial hub, sells 24k gold at ₹79,400 per 10 grams. The absence of VAT or sales tax on gold ensures competitive prices. Reputable gold retailers such as Chow Tai Fook and Luk Fook offer a wide range of high-quality gold items.
9. Malawi
Malawi, an emerging gold market, offers gold at ₹79,400 per 10 grams. Minimal additional costs and favorable market conditions contribute to its competitive pricing, making it a potential destination for buyers.
10. Colombia
Colombia sells 24k gold at ₹79,500 per 10 grams. Rich in natural resources, Colombia’s evolving mining regulations help maintain affordable prices. The capital city, Bogotá, has a bustling gold market with various dealers offering high-quality products.
Conclusion
Gold prices vary across countries due to factors like taxation, currency strength, local supply, and government regulations. The USA, Australia, and Singapore emerge as some of the cheapest countries to buy gold in 2025. Whether you’re an investor or looking for gold jewelry, understanding these price variations can help you make informed decisions. Always check for updated gold prices and local tax policies before making a purchase.
