India, Oct. 19 -- For a long time now, the general perception among Indians has been that buying gold in Dubai is a better deal than buying it in India. This belief was partly due to VAT on gold jewellery until a few years ago, coupled with no import duty on gold in Dubai.

But with recent policy changes and the skyrocketing price of gold in mind, is it still profitable to buy gold in Dubai instead of India? Kishore Narne, Executive Director at Motilal Oswal, answered this frequently-asked question during a podcast appearance with finance influencer Sharan Hegde.

According to Kishore Narne, there is no significant difference between buying gold in India vs Dubai now.

The Motilal Oswal executive explained that buying gold in India was co...