The value of gold is recognised everywhere, so I don't think there will be ever a problem when you need to sell or mortgage it.

I think it is cheaper to buy gold in Singapore.

There is high demand for gold by Indians, creating a trade deficit for India, and there is high import tax for gold to India, which is at 10%.

Singapore does not charge any gold tax, and tourists can easily obtain a sales tax refund for goods over $100. This effectively makes any gold purchased tax-free, and therefore even cheaper.

why is singapore gold preferred by indians.

what is the craze about it..

is it the purity or is it cheaper?

if i buy gold from singapore.will i be able to sell or mortgage it in india when i want to..