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February 14, 2025 | 09:59 pm
TEMPO.CO, Jakarta - Though investments like cryptocurrency have garnered significant attention in recent years, gold continues to be a timeless asset. This precious metal not only helps diversify investors’ portfolios but also serves as a reliable hedge against economic uncertainty.
With central banks around the world ramping up their gold reserves, now may be the perfect time to consider investing in gold. If you're looking to capitalize on this growing trend, why not head to the cheapest country to buy gold to make the most out of it?
List of the Cheapest Countries to Buy Gold
Citing Diversify Guy and Nomad Capitalist, Hong Kong emerges as the cheapest country to buy gold. Other countries on the list include:
1. Hong Kong
Hong Kong is widely regarded as the cheapest country to buy gold, and it’s easy to see why. As Asia’s second-largest financial hub, it boasts a range of banks offering competitive premiums on gold coins. As with any purchase, it's important to verify that the bank or jeweler you’re buying from is reputable and offers a fair price.
2. United Arab Emirates
In the UAE, gold shines at every corner, as the country is the world’s sixth-largest gold exporter. Buying gold at competitive prices is a reality, easily accessible through banks, jewelers, and even online dealers. With various forms of gold, such as bars and coins, it’s essential to compare prices across different stores before making a purchase.
3. Saudi Arabia
Saudi Arabia ranks as the third-cheapest country to buy gold. With options available from banks, gold souks, and jewelers, it's an ideal place to make a purchase. Gold is exempt from VAT if its purity is 99% or higher, so it’s important to confirm this before buying.
4. Switzerland
Renowned for its robust financial systems and gold trading infrastructure, Switzerland has made its way as another cheapest country to buy gold in 2025. Home to some of the world’s largest gold refineries, Switzerland also benefits from a tax-free policy on gold, alongside one of the most stable and secure banking systems.
5. United States
Buying gold in the United States can be an ideal choice, as the country brings in competitive prices, sometimes even lower than in Hong Kong. While taxes can vary by state, the U.S. generally provides a wide range of options at reasonable rates, with gold available for purchase at banks and licensed retailers.
6. Austria
Enjoy the sales tax exemption when purchasing gold in Austria. With attractive prices, it’s easy to find gold at banks, jewelry stores, and other financial institutions. However, due to numerous cases of gold fraud, make sure to buy from reputable stores.
7. Cayman Islands
The Cayman Islands boasts a stable political and economic environment, making it one of the world’s most affordable places to buy gold. Thanks to its tax-free status, gold transactions in the Cayman Islands provide both transparency and considerable savings compared to other countries.
8. Singapore
Singapore is a major gold trading hub in Asia, offering appealing prices for gold purchases. There are many reputable dealers and institutions to choose from, but it’s always a good idea to verify their licensing with Singaporean authorities. With its tax-free status on gold investments, there's no better time to head to this thriving city-state.
When it comes to buying gold at the lowest possible price, these 8 cheapest countries to buy gold in 2025 stand out for their favorable tax policies, low import duties, and stable markets. But you might be wondering, "How can I tell if the gold is real?" Don’t worry—check out our guide for essential tips on spotting authentic gold.
NOMAD CAPITALIST | DIVERSIFY GUY
Editor’s Choice: How to Tell if Gold is Real? Here Are the Important Tips
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