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Gold is cheaper in Dubai than anywhere else: Here's why

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In Dubai there is no import duty tax on raw materials like gold bars and TT bars. Shamlal Ahmad, Managing Partner of Malabar Gold, explained that because of this, traders are able to bring in the precious yellow metal from anywhere in the world, tax free.

 

https://gulfnews.com/photos/news/gold-is-cheaper-in-dubai-than-anywhere-else-heres-why-1.1578121290946

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