Gold Rate in Oman Today

Date	24K (OMR/g)	22K (OMR/g)	21K (OMR/g)	18K (OMR/g)
26 Jul 2026	51.85	48.65	44.50	38.65
27 Jul 2026	52.30	49.05	44.85	39.00
28 Jul 2026	51.60	48.40	44.25	38.55
29 Jul 2026	51.70	48.50	44.35	38.55
30 Jul 2026	52.50	49.25	45.05	39.15
31 Jul 2026	51.85	48.60	44.45	38.65
01 Aug 2026	51.85	48.60	44.45	38.65

Oman's gold prices track the international spot rate converted to OMR at the fixed 0.385 rate. Since April 2021, Oman applies a 5% VAT on gold jewellery — the same rate as UAE — making both countries aligned for jewellery buyers. Investment gold (bars and coins at international fineness standards) is VAT-exempt in Oman.

Oman's most iconic gold destination is Mutrah Souq in Muscat, a historic covered market dating back centuries. Mutrah is particularly renowned for traditional Omani silver and gold jewellery — intricate hand-crafted pieces that are highly sought by collectors. 21K and 22K gold are the dominant jewellery grades; 24K is available for investment. The market also offers distinctive Omani-style khanjar (dagger) ornaments in silver and gold.

Oman's growing tourism sector — particularly with the expansion of Muscat International Airport — has increased gold tourism, with visitors seeking authentic Omani traditional jewellery as souvenirs and investments.

Frequently Asked Questions

Oman charges 5% VAT on gold jewellery (since April 2021). Investment gold (bars and coins meeting international fineness standards) is VAT-exempt. This makes Oman and UAE the same for jewellery buyers (5% VAT each).

Mutrah Souq in Muscat is Oman's most famous gold market, with a centuries-old history and authentic atmosphere. Ruwi Gold Souq is another major centre. For investment gold, licensed dealers at major banks in Muscat are recommended.

Traditional Omani jewellery is known for its intricate silverwork and gold pieces with distinctive regional designs. Khanjar (traditional dagger) ornaments, Al-Hajr belt pieces, and women's traditional head and neck ornaments are signature Omani jewellery forms sought by collectors worldwide.

The base metal price is identical (same international spot rate). Oman and UAE both charge 5% VAT on gold jewellery, making them equivalent from a tax perspective. Oman's market is smaller and less competitive than Dubai's Souk, so making charges may be slightly higher.

Gold Rate in Oman Today — August 1, 2026

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