This article talks about the limits and regulations for importing gold from foreign countries to India, especially for non-resident Indians (NRIs). It also provides some statutory provisions and tips for smooth customs clearance.
Gold is a precious and popular investment option
- Gold is a precious metal that is in high demand in many forms such as ornaments, coins, and bars.
- People worldwide want to save resources and invest in gold because of its drastic increase in market value.
- India is one of the world’s largest gold importers and many NRIs prefer to buy gold from Dubai, which has lower gold prices than India.
NRIs have to follow the rules and limits for bringing gold to India
- The Indian government, specifically the Directorate General of Foreign Trade (DGFT) and the Customs Department, has set the limits and regulations for importing gold from foreign countries to India.
- Non-disclosure of precise quantities or exceeding the allowed limits can result in penalties, taxes, and possibly the seizure of gold.
- It is important to provide proper documentation proving purchase, purity, and value of the gold to avoid difficulties at Indian ports and airports.
The duty-free gold carrying limits vary for different passengers
- For male passengers, the duty-free limit is up to 20 grams of gold worth up to INR 50,000. If the limit is exceeded, the duty rates range from 3%, 6%, or 10% depending on the extra gold quantity.
- For female passengers, the duty-free limit is up to 40 grams of gold worth up to INR 100,000. If the limit is exceeded, the duty rates are the same as for male passengers.
- For children, the duty-free limit is also up to 40 grams of gold. If the limit is exceeded, the duty rates are 3% for gold from 40 grams to 100 grams, 6% for gold from 100 grams to 200 grams, and 10% for gold more than 200 grams.
- The duty is calculated using the current international gold rates.
There are some statutory provisions for exemption of duty on gold
- As per the General Exemption No.162 of Indian Customs Rule, gold bars and coins with manufacturer’s or refiner’s engraved serial number and weight expressed in metric units are exempted from duty up to Rs. 300 per 10 grams.
- Gold in any form other than bars and coins, including ornaments, but excluding ornaments studded with stones or pearls, are exempted from duty up to Rs.750 per 10 grams.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
