It is not accurate to say that Indian gold is “cheap,” as global market forces determine the price of gold and are consistent worldwide. However, the cost of gold jewelry in India is often lower than in other countries, and several factors contribute to this.

One factor is the lower labor costs in India, making producing gold jewelry less expensive. In addition, the Indian government has implemented policies to encourage the production and export of gold jewelry, which has helped to keep prices competitive.

Another factor is that the quality standards for gold jewelry in India differ from those in other countries. Indian gold jewelry is often made with lower karat weights than in other countries, such as 18K or 22K gold instead of 24K gold. While Indian gold jewelry contains less pure gold than jewelry made in other countries, it is more durable and less likely to scratch or dent.
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Overall, while global market forces determine the price of gold, the lower labor costs and different quality standards in India can contribute to lower prices for gold jewelry. However, you should purchase gold jewelry from a reputable jeweler and ensure that it meets your desired quality standards, regardless of the cost.