UAE NRIs may soon find it easier to carry gold home

For many Indians living in the UAE, carrying gold home has always been a mix of tradition and tension. Jewellery plays a central role in weddings and family celebrations, yet passing through Indian airports with gold often feels more stressful than festive. Current rules are viewed as outdated, unclear, and out of step with the frequent travel patterns between the Gulf and India.

Now, hopes are rising. India’s Finance Minister, Nirmala Sitharaman, has indicated that customs modernisation is her next major priority — a signal that long-awaited clarity for travellers may be on the horizon. Her remarks have sparked optimism among NRIs who want a simpler, more predictable process when travelling with personal jewellery.

Speaking at a leadership summit in New Delhi, Sitharaman said the government is planning a complete overhaul of customs procedures to make them easier to understand and far less intimidating. She described the reform as her “next big cleaning-up assignment,” following earlier transformations in income-tax administration and GST. Her message was clear: customs needs to work with transparency and consistency, not uncertainty and hesitation.

She also highlighted that India typically aligns its policies with global standards set by the World Customs Organisation. This suggests that future rules may become more streamlined, with greater use of technology such as full scanning and reduced officer discretion — one of the main concerns raised by travellers who feel uncomfortable during gold checks.

The potential impact extends beyond NRIs alone. India’s air traffic continues to grow, and UAE–India routes remain among the world’s busiest. Any move toward a smoother customs experience would significantly ease the movement of personal items for millions of passengers every year. Clearer guidelines, lower duty-related burdens, and less intrusive checks would be especially welcome during the wedding season, when families often travel with jewellery for gifting and ceremonies.

While no specific announcement has been made regarding adjustments to gold allowances, the direction of reform offers reassurance. Many expats believe current limits do not reflect modern lifestyles, rising incomes or cultural necessities. A review of these rules as part of wider customs reform could finally bridge that gap.

Sitharaman also noted that customs duties have been gradually reduced over the past two years, and items with rates still above “optimal” levels — a point closely watched by NRIs — may be evaluated again. The emphasis is on balancing traveller convenience with effective enforcement, ensuring the system supports honest passengers while staying resilient against misuse.

Her remarks come at a time when India’s economic indicators remain robust. The Reserve Bank of India has upgraded its GDP growth outlook, and inflation forecasts have eased. These conditions create a favourable environment for structural policy upgrades, including the customs revamp now being prioritised.

Trending
Green Investing: How Your Money Can Benefit Both Your Wallet and the Planet
Green Investing: How Your Money Can Benefit Both Your Wallet and the Planet
Environmental, Social, and Governance (ESG) assets are projected to surpass $40 trillion by 2030, according to the latest Bloomberg Intelligence report, highlighting the growing significance of sustainable investing in global markets.Climate change is no longer just a topic in the news; it has become a key factor in investment decisions. Green investing focuses on supporting companies that are sustainable and environmentally responsible, spanning sectors such as renewable energy (solar, wind, hy
How UAE Residents Can Use ChatGPT to Save Money on Travel, Shopping, and Daily Expenses
How UAE Residents Can Use ChatGPT to Save Money on Travel, Shopping, and Daily Expenses
With artificial intelligence rapidly expanding, tools like ChatGPT are becoming indispensable for both professional and personal use. With over 400 million weekly active users, this AI chatbot is proving to be a powerful resource, and one of its standout applications is helping people save money in practical ways. Here’s how UAE residents can leverage ChatGPT for smarter spending.Finding Cheap FlightsOne of the most popular ways to save is by booking cheaper flights. ChatGPT can search multiple
Need emergency cash? Know your options when you need money fast
Need emergency cash? Know your options when you need money fast
Life in the UAE, like anywhere else, can bring unexpected financial emergencies—be it sudden medical expenses, urgent car repairs, or even temporary job loss. Without an emergency fund, such situations can leave you feeling overwhelmed. The good news is there are several smart ways to access emergency cash, each with its own advantages and risks. Choosing the right option can help you manage the crisis without harming your long-term financial stability.Start by reviewing your current financial s
Buying Term Insurance in Your 40s and 50s? Here’s Why Delaying Could Cost You Big
Buying Term Insurance in Your 40s and 50s? Here’s Why Delaying Could Cost You Big
If you’re in your 40s or 50s and thinking about term insurance, the clock is ticking. Term insurance is calculated based on risk—the older you are, the higher the probability of illness or death, and the higher the premium you’ll pay. Waiting even a year can double your costs, and more importantly, leave your family exposed.Consider a 42-year-old professional in Dubai who recently decided to buy a Rs 1 crore term insurance policy. His annual premium came in at nearly Rs 28,000. Meanwhile, a coll
Crypto Prices Today: Bitcoin Dips to $112,000, Ethereum Trades Around $4,700
Crypto Prices Today: Bitcoin Dips to $112,000, Ethereum Trades Around $4,700
Cryptocurrency markets see modest decline as Bitcoin and Ethereum trade on Monday. At the time of writing, the total crypto market cap saw a marginal decline of 2.59 per cent to $3.88 trillion, while the 24-hour trading volume increased by 58.20 per cent to $134.52 billion.Ethereum ETH was the most trending cryptocurrency. Its price was down by 1.50 per cent to $4,712.10 million, and its 24-hour trading volume was $28.76 billion. Elsewhere VeChain VET was the top gainer. It was up by 4.39 per ce
Want Safe Dividend Income in 2026 and Beyond? Invest in the Following 5 Ultra-High-Yield Stocks
Want Safe Dividend Income in 2026 and Beyond? Invest in the Following 5 Ultra-High-Yield Stocks
These companies provide sustainable income streams to their investors.High-yielding dividend stocks often face skepticism. While a robust dividend yield can signal a greater risk of a future payout cut, this isn't always true. Several higher-yielding dividend stocks deliver consistent, reliable income to investors.Here are five high-quality companies with ultra-high-yielding payouts to buy for safe dividend income in 2026 and beyond.1. Clearway EnergyClearway Energy (CWEN 1.21%) (CWEN.A 1.14%) o
Amazon Stock Dips: Is Now the Time for Long-Term Investors to Jump In?
Amazon Stock Dips: Is Now the Time for Long-Term Investors to Jump In?
Amazon is no longer just an e-commerce giant. Over the years, it has expanded into cloud computing with Amazon Web Services (AWS), digital advertising, streaming services, audiobooks, music, pharmacy, and grocery retail through Whole Foods, transforming into a diversified tech powerhouse.For a long time, Amazon shares were seen as essential but often too expensive for many investors. With recent market movements, however, the question arises: has Amazon finally reached a price point that makes i
First-Time Credit Card? 6 Smart Tips to Maximise Its Benefits
First-Time Credit Card? 6 Smart Tips to Maximise Its Benefits
Getting your first credit card is an exciting step toward financial independence. Beyond convenience, it gives you the chance to build your credit history, which is crucial for future loans, mortgages, and other borrowing. Using your card responsibly from the start can set you up for long-term financial success. Here are six essential tips for first-time credit card users.1. Keep Your Spending Under ControlAvoid spending more than you can comfortably repay. Experts recommend using no more than 3
4 Smart Ways Side Hustles Can Boost Your Retirement Savings in the UAE
4 Smart Ways Side Hustles Can Boost Your Retirement Savings in the UAE
At some point, many of us take a hard look at our savings and wonder if we are truly on track for retirement. For me, that wake-up call came in my early thirties when I realized I had only a few thousand dollars saved. Instead of panicking, I turned to side hustles as a way to speed up my savings. Within just two years, I was able to grow my retirement fund by more than $100,000 by combining freelance income with my regular salary. Here are four strategies that helped me — and can work for anyon
Gold Prices Soar in UAE: Residents Reap Rewards from One-Year Surge
Gold Prices Soar in UAE: Residents Reap Rewards from One-Year Surge
Gold has proven to be a golden investment for UAE residents, as prices have skyrocketed by nearly Dh100 per gram in the past year. Many buyers now say their jewellery purchases in 2024 turned out to be among the smartest financial decisions they’ve made.In the summer of 2024, 22K gold was priced between Dh279 and Dh290 per gram. Fast forward to this week, and the price has crossed the Dh380 mark, reflecting a significant increase that’s captured the attention of both investors and everyday buyer
UAE Residents Celebrate Soaring Gold Prices as Smart Jewellery Investments Shine
UAE Residents Celebrate Soaring Gold Prices as Smart Jewellery Investments Shine
Over the past year, gold prices in the UAE have surged by nearly Dh100 per gram — turning everyday jewellery purchases into unexpectedly high-yielding investments for many residents.Last summer, the price of 22K gold hovered between Dh279 and Dh290 per gram. Today, that same gold is priced at over Dh380 per gram, reflecting a remarkable climb that has surprised even seasoned buyers.Global trends support this local surge. According to data from the World Gold Council, prices have been on a consis
Need cash quick? How a Credit Card Saved Me in a Financial Pinch — Without the Hassle
Need cash quick? How a Credit Card Saved Me in a Financial Pinch — Without the Hassle
Credit cards often get a bad reputation — and for good reason. Overspending, sky-high interest rates, and sneaky fees can turn them into financial traps. But when used responsibly, your credit card can be more than just a tool for shopping — it can actually help you out when you’re low on cash.That’s exactly what happened to me recently. I ran into an unexpected expense — not a huge emergency, but something that needed to be paid immediately. I didn’t want to go through the long process of apply
Avoid These 5 Costly Mistakes to Protect Your Wealth
Avoid These 5 Costly Mistakes to Protect Your Wealth
Achieving a retirement portfolio worth over $1,000,000 is a milestone worth celebrating—especially considering global data shows that many retirees enter their golden years with far less. If you’re among the successful few who’ve built a seven-figure nest egg, congratulations. But now comes the harder part: managing that wealth wisely so it supports your lifestyle for decades to come.In the UAE—where life expectancy is rising and lifestyle expectations remain high—having $1M may be enough to ret
Escape High-Interest Debt Fast and Free Up Cash in Dubai
Escape High-Interest Debt Fast and Free Up Cash in Dubai
Struggling with high-interest debt? You’re not alone—and you don’t have to stay stuck. Whether it’s credit cards, personal loans, or surprise expenses, there is a way out. With the right strategy, you can break free from debt faster and take back control of your finances.Step 1: Build a Smart Plan and Stick to ItPaying off debt isn’t something you can do on autopilot. The key is to create a clear repayment plan and stay consistent. Start by listing all your debts, their balances, and their inter
Credit Cards in the UAE: Are You Really Making the Most of Your Plastic?
Credit Cards in the UAE: Are You Really Making the Most of Your Plastic?
Using a credit card has become second nature for many people in the UAE. Whether it’s paying for groceries, dining out, or shopping online, your card—or linked mobile device—is the tool behind countless daily transactions. But how many of us truly understand interest rates, fees, and the hidden costs of credit cards? Here’s a detailed guide to help you use your credit card wisely and save money.Understanding Interest RatesCredit card interest rates in the UAE typically range between 2% and 4% pe
Top sectors UAE NRIs can invest in now
Top sectors UAE NRIs can invest in now
As India’s economy powers ahead across diverse sectors, UAE-based non-resident Indians (NRIs) are finding a wider range of attractive opportunities to invest back home. Eased regulations, strong sectoral expansion, and digital access channels are opening new doors for overseas investors aiming to secure long-term returns.
UAE Cardholders Alert: How to Outsmart the New 3.14% Overseas Transaction Fee
UAE Cardholders Alert: How to Outsmart the New 3.14% Overseas Transaction Fee
Travelling abroad is set to become a little more expensive for UAE cardholders starting September 22, 2026. If you use your UAE-issued credit or debit card internationally—whether it’s in a Paris boutique, a Singapore ATM, or an American online store—you’ll now face a higher fee of 3.14% on each transaction.While that may not seem significant at first glance, it adds up quickly. A Dh5,000 overseas spend could now cost you an extra Dh157 just in fees—an expense many travellers don’t factor into t
Want better loans? Check your UAE credit score
Want better loans? Check your UAE credit score
A good credit score opens doors to important financial opportunities, making it easier to secure loans, credit cards, and other financial products. For just Dh10.50, you can check your score and gain a clear understanding of your creditworthiness.Your credit score is a number that reflects your credit history and your ability to repay loans and meet financial obligations. Think of it as a financial report card that shows how reliable you are when it comes to managing money.Why Your Credit Score
Invest in Gold from Just 0.1 Grams: Botim and O Gold Bring Fractional Ownership to the UAE
Invest in Gold from Just 0.1 Grams: Botim and O Gold Bring Fractional Ownership to the UAE
In a landmark step for digital finance in the region, O Gold — the UAE’s first homegrown platform for fractional gold and silver ownership — has partnered with Botim, Astra Tech’s flagship AI-powered fintech and communications app, to launch the Middle East and North Africa’s first integrated gold investment feature.This rollout, following a 2023 agreement, positions Botim as the first fintech ecosystem in the MENA region to embed gold investment services directly into its platform. With over 8.
Can ILOE help you pay off your loan after job loss?
Can ILOE help you pay off your loan after job loss?
Losing your job can bring serious financial stress — especially if you have outstanding loans. Many UAE residents wonder whether banks can use their gratuity or unemployment insurance (ILOE) payments to settle debts. The answer isn’t always straightforward, but understanding your rights can help you manage this period with greater confidence.
Recommended
How to Rent a Car in Dubai Without a Credit Card
How to Rent a Car in Dubai Without a Credit Card
UAE: 'King of planets' Jupiter can be seen with naked eye this weekend; how to watch
UAE: 'King of planets' Jupiter can be seen with naked eye this weekend; how to watch
Astronomy enthusiasts across the UAE are in for a celestial treat on Saturday evening as Jupiter reaches opposition, a rare and highly anticipated event that offers one of the best opportunities of the year to observe the giant planet.Jupiter will reach opposition on January 10, meaning it will be positioned directly opposite the Sun from Earth. During this alignment, the planet rises in the east at sunset, shines at its brightest, and appears larger and closer than at any other time of the year
2026 BMW iX3 Neue Klasse: UAEs Ultimate Long Range EV SUV Guide
2026 BMW iX3 Neue Klasse: UAEs Ultimate Long Range EV SUV Guide
The 2026 BMW iX3 Neue Klasse is shaping up to be one of the longest legged EV SUVs you will be able to buy, with up to 805 km WLTP range from a 108.7 kWh battery. On paper, its 400 kW DC charging can add about 350 km in 10 minutes.For the UAE, projected pricing from regional sources puts it from around AED 220,000, which places it squarely in the sweet spot for buyers who do regular long highway runs.Why This iX3 Matters In The UAERange anxiety hits harder when you are sitting at 120-140 km/h on
8 Essential Elements That Shape the Success of an Online Business in the UAE
8 Essential Elements That Shape the Success of an Online Business in the UAE
The UAE is one of the fastest-expanding eCommerce markets in the region, with online retail continuing to gain momentum year after year. For entrepreneurs, launching an online business may seem straightforward, but sustaining growth in such a competitive environment requires much more than just listing products and waiting for sales to happen.Many new business owners focus heavily on profits from day one. While revenue is important, long-term success depends on a combination of operational, tech
What does the New Year have in store for us: 10 predictions for life in 2026
What does the New Year have in store for us: 10 predictions for life in 2026
As the new year begins, cultural shifts, technology trends, and social curiosities are set to make 2026 an interesting year. From lifestyle changes to entertainment innovations, here’s a look at some of the developments that could impact daily life and popular culture.A Shift in Technology UseAs people become increasingly aware of smartphone overload, simpler “dumb” phones are gaining popularity. These devices promise fewer distractions and a break from constant notifications, but they may also
UAE: Minimum salary rule to boost Emiratis' pay; focus now on hybrid jobs
UAE: Minimum salary rule to boost Emiratis' pay; focus now on hybrid jobs
Salaries of the UAE citizens grew by six per cent annually in 2025, and many of the private sector entities offer higher salaries than the revised salary of Dh6,000 announced by the government last month.
UAE Salaries Set for an Upward Shift in 2026 — Some Professionals Could See Double-Digit Pay Growth
UAE Salaries Set for an Upward Shift in 2026 — Some Professionals Could See Double-Digit Pay Growth
As the UAE heads into 2026 with strong business momentum and renewed confidence across key industries, the job market is preparing for another year of salary adjustments. Employers across the country are gearing up for moderate pay rises, reflecting steady economic expansion, growing investment in high-value sectors, and greater competition for specialised talent.
Make Smarter Moves in Real Estate with Property Finder’s Home Valuation Feature – Your Home Value Estimator
Make Smarter Moves in Real Estate with Property Finder’s Home Valuation Feature – Your Home Value Estimator
Navigating Dubai’s fast-moving property market takes more than scanning listings or checking past sales. Values can change over time, and without real-time insights, it’s challenging to judge whether a property’s value in Dubai is accurate, how it may fluctuate over time, or if it offers a favourable return on investment.Property Finders’ new Home Valuation feature is now available exclusively on the Property Finder mobile app and is designed to bring greater confidence and transparency to every
8 Smart Dining Deals to Enjoy Dubai’s Top Restaurants Without the Big Bill
8 Smart Dining Deals to Enjoy Dubai’s Top Restaurants Without the Big Bill
Dubai’s dining scene is famous for its glamour, world-class chefs, and unforgettable settings — but enjoying the city’s best restaurants doesn’t always have to come with a premium price tag. From stylish early dinners to relaxed weekend lunches and value-packed set menus, there are plenty of ways to experience renowned venues while keeping spending in check.Across neighbourhoods like DIFC, Palm Jumeirah, Business Bay and Bluewaters Island, restaurants are offering curated menus designed for food
UAE experts reveal which investments paid off in 2026, why they may win in 2026 too
UAE experts reveal which investments paid off in 2026, why they may win in 2026 too
UAE investors are reflecting on a year that rewarded disciplined strategies and tangible, cash-generating assets. Across markets and geographies, the trend was clear: the strongest returns came not from chasing the flashiest opportunities, but from reliable, well-structured investments.A Year of Stability Over SpeculationIn 2026, many investors prioritised assets that could withstand uncertainty, inflationary pressures, and changing interest-rate expectations. Gold emerged as a standout performe