January 29, 2020

Is it better to buy Gold Overseas or in India?

Indians adore gold profoundly. The culture and heritage teach Indians to put aside a percentage of their income to buy gold. Gold can also be used as a credit given to banks to secure loans or to also improve the credit score to get a more significant loan.
How much gold can you get into India from abroad?
Well if you are someone that is travelling form a foreign country to India and are a resident of India, then the rules and regulations on getting gold into the country are as follows.
• Fifty thousand rupees worth of gold is allowed for males and 1 lakh rupees value of gold for females is allowed without any duty
• Necessary inscriptions on the gold bars.
Risks of buying overseas.
Despite the marginal difference is prices if for some reason you do buy gold from overseas then please be aware of the following risks;
• Dealers abroad can try to scam foreign travelers.
• Sellers might emotionally compromise you into believing that the gold is original and certified. You must get all the gold from authorised dealers and check for certification such that you are not scammed.
To know more detail you can visit: Is it better to buy Gold Overseas or in India? on NRIGO.
NRIGO is an online information portal providing basic and important information to the Indians outside India or anyone who has some doubts regarding any procedures, documentation, investment, travel, shopping, etc in India.
We at NRIGO, try our best to make things simple. All the articles which are posted are written in very simple english for everyone to understand. The articles related to any topic are verified before publishing to avoid any kind of confusion. In order to make things more convenient, links, contact numbers and addresses are also given of the mentioned organisation or person so that you don't have to go through the hassle of finding the contacts.
Some of our commonly read articles on our site are - Importing Car to India, How To Rent A Car In India, How To Apply For OCI Card,Getting Indian Passport for a NewBorn, Indian Websites Which Ship International, Top 7 Wedding Planners In India, Top 8 International Schools In India and many more.
One can find a variety of topics related to India at NRIGO. Our Team tries to deliver its 100% in providing all the information about a topic and in addition to it in our comment box anyone can write down his doubts or questions which we assure to clarify in minimal time with maximum and relevant information.
We try to cover almost every aspect or doubt which we feel an outsider can have regarding certain things in India. However, we really appreciate any kind of suggestions or feedbacks from our users so that we can help them in a better way.
Enjoy reading our blogs and keep yourself updated regarding various topics in India.