Gold & Silver Price Today in Oman
Live prices per gram in OMR
Live gold and silver prices in Oman in OMR. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Oman
| Karat | Per Gram (OMR) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
OMR/gram
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21K Gold — 7-Day Chart (OMR/gram)
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Silver Price Today in Oman
Fine 999, Sterling 925 and Coin 900 silver prices in OMR per gram, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Gram (OMR) |
|---|---|
Fine 999 Silver — 7-Day Chart (OMR/gram)
Gold in Oman
Oman has a mature and well-regulated gold market, reflecting the sultanate's long history as a trade crossroads between the Gulf and South Asia. Gold plays an important role in Omani weddings and festivals, with the Mutrah Souk in Muscat being one of the oldest and most atmospheric gold bazaars in the Arabian Peninsula. Prices are quoted in Omani Rial (OMR), a strong currency pegged to USD.
Local Market Context
Mutrah Souk in Old Muscat is the historic center of gold trade, while modern shopping malls in Muscat now host major gold chains alongside boutique jewelers. Oman's Indian-origin community drives considerable demand for 22K jewelry. The country also benefits from proximity to Dubai, making it easy for Omanis to compare prices and shop cross-border.
Taxes & Duties on Gold in Oman
Oman introduced a 5% VAT in April 2021, which applies to jewelry but not to investment-grade gold bullion (bars and coins). There is no import duty on gold. The prices shown on freshgoldprice.com include the 5% VAT on jewelry; investors buying bullion-grade products can expect prices closer to the international spot equivalent.
Buying Tips for Oman
Mutrah Souk dealers are open to negotiation, especially on making charges for larger or heavier pieces. Always verify the karat hallmark — Omani law mandates it. For investment bars, opt for internationally recognized brands (PAMP, Emirates Gold). The Omani Ministry of Commerce's consumer portal can help resolve disputes with registered dealers.
Gold as an Investment in Oman
The OMR is pegged to USD at 0.3845 — among the strongest currency pegs in the world — so gold in OMR tracks USD spot closely. VAT exemption on bullion makes physical investment gold competitively priced. Oman's National Bank and Bank Muscat also offer gold savings accounts for investors preferring non-physical exposure.
Gold & Silver Price FAQ — Oman
- What is the gold price per gram in Oman today?
- The current gold price per gram in Oman is shown in the gold table above in OMR, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Oman?
- Gold karats vary in popularity across Oman. The price is shown in the table above in OMR per gram.
- How are gold karats calculated?
- Pure gold is 24K. Price per gram of each karat = 24K price × (karat ÷ 24). So 18K gold = 75% pure gold.
- What is the silver price per gram in Oman today?
- The current silver Fine 999 price per gram in Oman is shown in the silver section above in OMR, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Oman include VAT?
- Yes. Oman charges 5% VAT on gold jewellery — already factored into the price above.
- Why does the OMR gold price move in step with USD?
- The OMR is pegged to the US dollar at 0.3845 OMR/USD, pegged by the Central Bank of Oman. Because the FX rate is fixed, local gold price movements mirror XAU/USD spot changes directly.
- When did Oman introduce VAT on gold?
- Oman introduced a 5% VAT in April 2021. It applies to gold jewelry and making charges but not to investment-grade bullion (bars and coins of 99%+ purity), which remains zero-rated.
- What karat is most common in Omani jewelry?
- 21K is the most popular karat in Oman, used for traditional Gulf-style jewelry. 22K is favored by South Asian expatriates, and 18K is common for European-inspired fashion jewelry.
- Is it worth buying gold in Oman vs. Dubai?
- Dubai's larger, more competitive market often provides marginally better prices, but Oman is very convenient for residents. Both markets have zero import duty; Oman's 5% VAT on jewelry is the main differentiator.