Is Buying Gold In Singapore Cheaper?

Discussion in 'Indians in Singapore' started by Sweetygals, Feb 26, 2018.

  1. Sweetygals

    Sweetygals Silver IL'ite

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    Hi,
    Just want to know if we buy gold ornaments in Singapore. Is it cheaper than India.
    Whats your opinion
     
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  2. AkilaMani

    AkilaMani Local Champion Staff Member IL Hall of Fame

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    Hi Sweetygals,

    The gold price is the same, just that you find different designs here. Also the quality here is considered good. But with 916 hallmark, I think the quality there also is good. What I have seen is, when I exchange any of the gold ornaments bought herein India, the price at which they take it is slightly higher than the things I had purchased in India.

    Hope this helps.
     
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  3. Sweetygals

    Sweetygals Silver IL'ite

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    Thanks for the reply :blush:. Do u think buying gold with gst exemption also makes no diffrence?
     
    Last edited: Mar 21, 2018
  4. AkilaMani

    AkilaMani Local Champion Staff Member IL Hall of Fame

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    Hi,

    It will make a difference for people on tourist / short term visit pass. For locals / PRs there is no difference because we don't get any gst exemption. I think the shops inside the airport do have the no-gst prices, but I haven't checked those out.
     

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