With the announcement of new budget by the Indian Finance Minister P. Chidambaram, Non-Resident Indians can take more gold home.
As per the 2013-2014 budget speech, in the words of finance minister:
The baggage rules permitting eligible passengers to bring jewellery was last amended in 1991. Gold prices have risen since, and passengers have complained of harrasment. Hence, I propose to raise the duty-free limit to Rs. 50,000 in the case of a male passenger and Rs. 100,000 in the case of a female passenger, subject to the usual conditions.
That means considering today’s rate of gold of SR 192 per gram of gold and exchange rate of SR 1 = 14.63;
SR. 3,417 ( 17 grams) worth of gold for men
SR 6,835 (35 grams) worth of gold for women.
Many people would like it to be more, but still it is better than before.