Surprisingly, gold in India is currently less expensive than in well-known gold-buying locations like Singapore, Oman, Qatar, and the United Arab Emirates. Rising geopolitical tensions, particularly in the region around Israel and Gaza, have spurred demand for gold as a safe-haven asset, which is why Indian gold prices have declined in contrast to those of other Middle Eastern nations. With physical gold premiums rising to $16 an ounce this week, signaling significant retail interest, this price disparity has further expanded as demand in India improves. Last week, premiums were barely $3.