Oman - Gold, Fuel & Forex Rates

Oman Live Gold Rates (OMR/g)
Type	Morning	Yesterday	Change
24 Karat	55.00 OMR	55.00 OMR	↔ No change
22 Karat	51.35 OMR	51.35 OMR	↔ No change
21 Karat	47.65 OMR	47.65 OMR	↔ No change
18 Karat	40.60 OMR	40.60 OMR	↔ No change

Type	Current
Super 98	0.40 OMR
Special 95	0.24 OMR
E-Plus 91	0.23 OMR
Diesel	0.26 OMR

Oman Financial Rates Today

Oman is undergoing significant economic transformation under Vision 2040, diversifying beyond oil into tourism, logistics, and manufacturing. Gold trading is deeply embedded in Omani culture — the historic Mutrah Souq in Muscat is one of the Gulf's oldest and most atmospheric gold markets, and traditional Omani silver and gold jewellery is world-renowned.

Fuel prices in Oman are set by the Ministry of Energy and Minerals and updated monthly. Oman partially reformed its fuel subsidy system in 2016, with prices now partially market-linked. A 5% VAT was introduced in 2021. The Omani Riyal (OMR) is pegged to the USD at 0.385 per USD (1 OMR ≈ 2.597 USD).

Frequently Asked Questions

Oman introduced a 5% VAT in April 2021. Gold jewellery is subject to 5% VAT, the same rate as UAE. Investment gold (bars and coins meeting fineness standards) is VAT-exempt. This aligns Oman and UAE as the GCC's 5% VAT jurisdictions for gold jewellery.

The Ministry of Energy and Minerals sets fuel prices in Oman, updated monthly. Prices are partially market-linked following 2016 subsidy reforms. Oman's fuel prices are competitive within the GCC though higher than Kuwait's heavily subsidised rates.

Yes. OMR is fixed at 0.385 per USD (1 OMR ≈ 2.597 USD), maintained by the Central Bank of Oman. Like BHD, OMR is one of the world's highest-valued currencies due to its low face value relative to USD.

Mutrah Souq in Muscat is Oman's most famous traditional gold market with a centuries-old history. The Gold Souq in Ruwi, Muscat, is another popular destination. Modern jewellery stores at Muscat City Centre mall also offer wide selections.

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Oman Financial Rates Today

Frequently Asked Questions