Want to buy gold at a cheap rate? Bhutan is the best country to buy cheap gold in the world. There are several reasons why gold is cheaper in Bhutan and not in any other country. We will explore the reasons why gold is cheap in Bhutan.
Why gold is cheap in Bhutan
There are 3 reasons why gold is cheap and affordable in Bhutan they are Government policy, Tax-free Local support, and Lack of demand.
Government Policy on Gold in Bhutan
The government of Bhutan has a policy of low import duty on Gold which makes it further affordable for the people of Bhutan and other tourists including India to buy gold at a cheap rate.
Tax-free gold in Bhutan
The government does not charge any tax on the purchase of gold in Bhutan. Which lowers the price of gold and attracts more people to purchase gold.
Local Support
Several gold mining companies in Bhutan manufacture a good amount of gold locally thus this helps the price of gold to be at a stable rate without a rise in gold price in Bhutan.
Lack of Demand
The demand for gold in Bhutan is low when compared with other countries like India and the United States. This significantly contributes to the low price of gold.
Why gold is tax-free in Bhutan
To attract more tourists to purchase gold, the government of Bhutan made gold a tax-free metal in the country
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