India’s gold duty hike widens UAE price gap as GCC jewellers brace for demand surge

Last updated: May 14, 2026 | 04:04

A time to buy or just to window shop? Gulf News

Dubai: India’s decision to raise import duties on gold and silver to 15% from 6% is reshaping buying patterns across the Gulf, with UAE jewellers expecting stronger demand from Indian residents, tourists, and investors.

For UAE residents, the change could translate into significantly lower prices compared with India, especially during the upcoming summer travel and wedding season.

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Duty-free limits

According to Shamlal Ahamed, MD of International Operations, Malabar Gold & Diamonds, in the GCC could now be roughly 12% cheaper than in India because of the widened duty gap.

He said the effect becomes even more noticeable with global gold prices already trading near record highs, since the absolute savings on each purchase increase alongside bullion…