00:00Karnataka actress Rania Rao was recently arrested at Bangalore airport for 14 kg of gold.
00:11After that, there is a lot of talk about the difference in the price of gold smuggling between Dubai and India.
00:18Rania Rao is the stepdaughter of the senior IPS officer Ramchandra Rao.
00:22And she had hidden some pieces of gold in her clothes to avoid customs.
00:26And she had also worn some gold.
00:29Rania Rao had gone to Dubai four times in the last 15 days.
00:32Because of this, she was suspected.
00:34And on the basis of this, an operation was carried out.
00:36In this way, a large amount of gold was seized from her.
00:39In this way, we will try to know why smuggling from Dubai happens and why the gold in Dubai is cheap.
00:46So we all know that gold in Dubai is cheaper than India.
00:49And this city has long been a center of gold trade.
00:53Where gold is often found at a lower price than India.
00:57So why is gold cheap?
00:59The first reason is that there is no tax on the purchase of gold in Dubai.
01:03Therefore, buyers can buy gold at market rates without any extra charges.
01:08Secondly, unlike India, Dubai does not impose import duty on gold.
01:13Because of this, the cost of gold for consumers is reduced to a large extent.
01:17Thirdly, there is a lot of competition in the gold market in Dubai.
01:21In this way, many dealers offer attractive rates to attract buyers.
01:26They give discounts.
01:28In Dubai, the gold market continues to flourish.
01:31Therefore, it has become an important market for gold collection, sale and trading.
01:36According to a report, by September 25, 2024, the price of 24 carats of gold in Dubai is AED 313.66 per gram.
01:46That is, if we look at Indian rupees, then it was AED 7,138.96 per gram.
01:52If compared to India, then its price in India was AED 8,225 per gram.
01:58Now, looking at the economic effects of gold mining,
02:02the Indian government has implemented different charges and rules in the past few years.
02:07According to Reuters report,
02:09In July 2024, the custom duty on the import of gold was reduced from 15% to 6%.
02:16The purpose behind this reduction was to reduce smuggling and also to increase legal import.
02:24So that gold can be more affordable for consumers.
02:27Although gold is cheap in Dubai, it has to go through many rules to bring it to India.
02:33Now the second question is, what are the rules if you bring gold from Dubai?
02:39Under the Passport Regulation 1967, Indian passengers can carry up to 1 kg of gold in an international flight.
02:47However, this rule is different for women and men.
02:51Men can carry 20 grams of gold with them.
02:55Its price should not be more than Rs 50,000.
02:58Apart from this, if a woman is carrying gold in her flight,
03:03then it should be up to 40 grams and its price should not be more than Rs 100,000.
03:10If these rules are broken, then it is accused of smuggling.
03:14For example, Rania Rao, who is a Kannada actress, was arrested with 14-15 kg of gold.
03:21So these are the reasons why gold is cheap in Dubai.
03:24That's all for this video.
03:25How did you like the information?
03:26Do tell us by commenting.
03:27If you are watching this video on Facebook, then like the Facebook page.
03:30If you are watching on YouTube, then don't forget to subscribe to the Goodreturns YouTube channel.
03:34And if you are watching us on Snapchat, then do follow us on Snapchat too.
Comments