Gold Market Report
Oman Gold Market Report
Independently researched coverage of the Oman gold market, last verified Sep 1, 2026. 24K gold is currently OMR 53.63 per gram.
See the live gold price page for Oman →Research coverage
4 of 4 research sections published for Oman.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in OMR.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | OMR 53.63 | OMR 1,668.04 | OMR 625.52 | OMR 53,628.87 |
| 22 karat (916.7) | OMR 49.17 | OMR 1,529.25 | OMR 573.47 | OMR 49,166.50 |
| 21 karat (875) | OMR 46.93 | OMR 1,459.68 | OMR 547.38 | OMR 46,929.96 |
| 18 karat (750) | OMR 40.23 | OMR 1,251.16 | OMR 469.18 | OMR 40,225.68 |
| 14 karat (583.3) | OMR 31.28 | OMR 973.07 | OMR 364.90 | OMR 31,284.85 |
| 10 karat (416.7) | OMR 22.35 | OMR 695.14 | OMR 260.68 | OMR 22,349.39 |
Trend
Last 3 months
Per gram · OMR
- Change
- +6.35%
- Low
- OMR 49.80
- High
- OMR 57.78
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the Oman gold market
The gold section of Muttrah Souq in Muscat has operated continuously for more than 200 years, making it one of the oldest gold markets on the Arabian Peninsula.
Read the full section on the live price page →Market notes
Oman applies its standard 5% VAT (consistent with the GCC Unified VAT Agreement) to gold jewellery as a luxury item, while investment-grade gold, platinum and silver of 99%+ purity that trades on global bullion markets is zero-rated -- the same investment-vs-jewellery split seen across most of the GCC.
Read the full section on the live price page →Buying gold in Oman
Confirm whether an Omani gold purchase is investment-grade (99%+ purity, tradable on global bullion markets, zero-rated) or jewellery (standard-rated at 5% VAT) before comparing the price to KmalServico's live reference -- the distinction directly changes the tax on the purchase.
Read the full section on the live price page →Tax & duty notes
Oman's standard 5% VAT applies to gold jewellery as a luxury item, while investment-grade gold, platinum and silver (99%+ purity, tradable on global bullion markets) is zero-rated. Gem and jewellery imports separately carry a 0-5% import duty, waived for goods originating from other GCC or GAFTA member states.
Read the full section on the live price page →Sources
What the Oman research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- Aviaan Accounting — What Is The VAT Impact On Precious Metals Sector In Oman?
Supports: Oman's 5% VAT on jewellery as a luxury item and the zero-rating of 99%+ purity investment metals
Checked Sep 1, 2026
Related markets
More gold markets in Middle East
Oman's immediate sub-region doesn't list enough markets on its own, so this also includes other Middle East countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- purity
24K vs 22K Gold: What's the Difference?
24K is nearly pure gold. 22K is 91.6% gold mixed with other metals for durability. Learn which suits investment vs. jewelry.
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from gold-api.com + xaus.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.