India 3% GST move adds to the lure of Dubai gold

India's move to tax gold at a rate of three per cent under an impending nationwide sales tax is expected to give an unexpected fillip to gold and jewellery business in the UAE, traders and analysts said. While the gold trade in India heaved a sigh of relief at the lower-than-expected Goods and Services Tax on the precious metal, in Dubai, jewellery traders welcomed the move as positive, arguing th…