How to buy Gold from Bhutan in 2023?
Since last many years, Indian tourists were fascinated towards buying Gold from Dubai, considering its quality, purity and price. But now, since last few years another destination for Indian tourists become more popular for buying good quality Gold on cheaper rate from India and that is Bhutan, a country known for its culture, beauty and part of Buddha circuit. It’s a great idea, to go to Bhutan and enjoy its culture, beauty and food along with buying Gold while coming back to home.
Buying Gold in Bhutan for Indians
Bhutan, a landlocked country in the Eastern Himalayas, is known for its stunning scenic beauty, rich culture, and Buddhist traditions. In recent years, Bhutan has also become a popular destination for Indian tourists looking to buy gold at duty-free rates.
Benefits of Buying Gold in Bhutan
There are several benefits to buying gold in Bhutan for Indians:
- Lower prices: Gold is significantly cheaper in Bhutan than in India. For example, as of today (November 4, 2023), 10 grams of 24-carat gold costs around ₹57,490 in India, while the same amount of gold costs around ₹40,200 in Bhutan.
- Duty-free purchase: Indian tourists who pay the Sustainable Development Fee (SDF) are eligible to buy up to 20 grams of duty-free gold in Bhutan.
- Variety of options: There are a variety of gold shops in Bhutan, selling both gold jewellery and gold bars.
Requirements for Buying Gold in Bhutan
To buy gold from Bhutan, Indian tourists must meet the following requirements:
- Pay the Sustainable Development Fee (SDF): The SDF is a daily fee that all foreign tourists must pay to enter Bhutan. The SDF is ₹1,200 per day for Indians.
- Stay for at least one night in a tourist-certified hotel: Indian tourists must stay for at least one night in a hotel that is certified by the Tourism Council of Bhutan.
- Pay in US Dollars: Gold shops in Bhutan only accept US Dollars.
- Produce a valid visa or permit: Indian tourists must have a valid visa or permit to enter Bhutan.
How to Buy Gold in Bhutan
To buy gold in Bhutan, Indian tourists can follow these steps:
- Visit a duty-free gold shop in Phuentsholing or Thimphu.
- Present your passport and visa or permit to the shopkeeper.
- Pay for the gold in US Dollars.
- Receive a receipt for your purchase.
Tips for Buying Gold in Bhutan
Here are a few tips for buying gold in Bhutan:
- Compare prices at different gold shops: Gold prices may vary slightly from shop to shop, so it is a good idea to compare prices before making a purchase.
- Ask about the purity of the gold: Make sure to ask about the purity of the gold before you buy it. Most gold shops in Bhutan sell 24-carat gold, but it is always a good idea to check.
- Get a receipt: Be sure to get a receipt for your purchase. This will be helpful if you have any problems with the gold after you return home.
How to Choose a Reputable Gold Shop in Bhutan
When buy gold from Bhutan, it is important to choose a reputable gold shop. There are a few things you can look for:
- Make sure the shop is licensed: The Tourism Council of Bhutan licenses all gold shops in the country. You can ask the shopkeeper to show you their license.
- Look for a good reputation: Ask other tourists or your hotel staff for recommendations for reputable gold shops.
- Check the prices: Compare prices at different gold shops to make sure you are getting a fair deal.
What to Ask When Buy Gold from Bhutan
Here are a few questions you should ask before buying gold in Bhutan:
- What is the purity of the gold? Most gold shops in Bhutan sell 24-carat gold, but it is always a good idea to check.
- What is the price of the gold per gram? Gold prices may vary slightly from shop to shop, so it is a good idea to compare prices before making a purchase.
- What are the terms and conditions of the sale? Ask about the shop’s return policy and warranty.
How to Pay for Gold in Bhutan
Gold shops in Bhutan only accept US Dollars. You can exchange your Indian Rupees for US Dollars at most banks and money exchange bureaus in Bhutan.
How to Transport Gold from Bhutan to India
When transporting gold from Bhutan to India, it is important to keep the following in mind:
- Declare the gold to Indian Customs: You must declare all gold that you are bringing into India to Indian Customs. The duty-free limit for gold imported into India is 20 grams per person.
- Get a receipt from the gold shop: The receipt from the gold shop will be proof that you purchased the gold legally in Bhutan.
Additional Tips for Buying Gold in Bhutan
Here are a few additional tips for buying gold in Bhutan:
- Be aware of the scams: There have been reports of scams involving the sale of gold in Bhutan. Be wary of anyone who offers you a deal that seems too good to be true.
- Don’t be afraid to negotiate: It is customary to negotiate prices when buying gold in Bhutan. Don’t be afraid to haggle with the shopkeeper to get the best possible price.
- Get a certificate of authenticity: If you are buying gold jewellery, asks the shopkeeper for a certificate of authenticity. This will attest to the purity and quality of the gold.
Final Words: Buying gold in Bhutan can be a great way for Indian tourists to save money. By following the tips above, you can ensure that you have a smooth and hassle-free experience.