Live 24K, 22K, 21K & 18K gold rates in Muscat per gram, tola and ounce. Updated every 60 seconds from international spot markets.
As of May 27, 2026, the gold rate in Muscat, Oman (OMN) is 55.11 OMR per gram for 24K pure gold and 50.48 OMR/gram for 22K jewelry gold. Gold has fallen by 1.43% since yesterday. All prices are converted from the international USD spot rate at the fixed OMR/USD peg of 0.385. — Last updated: May 27, 2026, 5:47 PM UTC
24K gold rate in OMR/gram
Muttrah Gold Souk is one of the oldest continuously operating gold markets in the Arabian Peninsula — predating the oil era. Muscat's market is unique in the GCC for the volume of traditional Omani silver jewelry (Khanjar daggers, Batinah-style anklets, Nizwa-style headpieces) sold alongside modern gold pieces. The souk sits on the historic Muttrah Corniche waterfront — the experience of buying gold here is unlike any other GCC market.
| Type | Making charge (OMR/gram) |
|---|---|
| Machine-made 22K chains | OMR 5–7/gram |
| Standard 22K bangles/rings | OMR 6–11/gram |
| Handcrafted / bridal sets | OMR 10–18/gram |
| 24K investment bars | OMR 0–5/gram (near zero) |
Competitive market with strong traditional jewelry heritage. Standard 22K pieces: OMR 5–9/gram. Handcrafted traditional Omani designs: OMR 10–18/gram. 5% VAT applies on jewelry making charges since 2021.
Use the gold calculator below to calculate any weight and purity.
Same base USD spot price. Dubai Gold Souk offers lower making charges and zero VAT on investment gold. Oman charges 5% VAT on jewelry making charges introduced in 2021. For jewelry buyers, Dubai typically works out cheaper on total price. For Oman residents, Muttrah Souk offers a strong selection of traditional Omani designs unavailable in Dubai.
| City | 24K / gram | 22K / gram | Making charge range |
|---|---|---|---|
| Muscat THIS PAGE | 55.11 OMR | 50.48 OMR | OMR 5–18/g |
| Dubai | Same base rate | Same base rate | Varies by retailer |
* Base gold rate is identical across all Oman cities as OMR is pegged to USD at 0.385. Retail price differences at the counter reflect making charges (Ujrah) only.
For Indian and South Asian expats in Muscat, gold is significantly cheaper here than in India. Oman charges zero import duty on gold. India charges 6% import duty and 3% GST — a combined 9% cost that does not exist in Muscat. Use the full Qatar vs India comparison → for live INR conversion.
| Passenger | Allowance | Max value | Condition |
|---|---|---|---|
| Male passenger | 20g jewelry | ₹50,000 | 6+ months abroad |
| Female passenger | 40g jewelry | ₹1,00,000 | 6+ months abroad |
| Gold bars / coins | Not covered — customs duty applies regardless of weight | ||
Always declare gold at Indian customs on arrival. Verify current rules with CBIC before travel.
Malabar Gold & Diamonds operates from Muscat City Centre Mall. Making charges range OMR 5–13/gram. Note: 5% VAT applies on making charges in Oman. Exchange policy valid across all GCC stores.
Today's Malabar Gold Muscat rate: 50.48 OMR/gram for 22K (same national spot rate all licensed retailers use). Making charges are added separately at the counter.
The 916 hallmark stamped on jewelry means 22 Karat gold — 91.6% pure gold content. It is the most popular purity among Indian and South Asian buyers in Muscat because it balances gold content with the durability needed for everyday wear and jewelry crafting. Today's 916 gold price in Muscat is 50.48 OMR per gram and 588.79 OMR per tola. All licensed retailers in Oman are required to stamp the correct hallmark on jewelry — 916 for 22K, 999 for 24K, 875 for 21K, 750 for 18K.
Add making charges (OMR 5–18/gram) for total retail price.
* Base rate identical across all Oman cities — OMR is pegged to USD at 0.385. Retail counter differences reflect making charges only.
The gold rate in Muscat moves with the international USD spot price published by the LBMA and COMEX. Since OMR is permanently pegged to the US Dollar at 0.385, every movement in the global gold price translates directly to a movement in the local rate. There are no city-specific or country-specific factors that independently influence the base rate in Muscat.
Check with your retailer on the current VAT treatment for gold in Oman before purchasing.
Ujrah is the Arabic term for making charges — the retailer's fee for crafting the jewelry piece. The gold spot rate shown on this page is fixed by international markets and cannot be negotiated. What is negotiable is the Ujrah. At Muttrah Gold Souk, making charges typically range OMR 5–18 per gram. Larger purchases (above 20 grams) give you stronger negotiating leverage. Knowing today's spot rate — shown above — before entering any shop is the single most important preparation for getting a fair price.
The base gold rate is identical across every licensed retailer in Muscat — all shops convert from the same international USD spot price at the fixed OMR/USD rate of 0.385. What varies between shops is the Ujrah (making charge). This is why comparing making charges across 2–3 retailers before buying is worthwhile, especially for larger purchases.
Derived from LBMA/COMEX international spot feeds, updated every 60 seconds.
Converted to OMR at the fixed OMR/USD rate of 0.385.
No markup — same rate shown on gold souq price boards.
Price stored daily for trend analysis and 7-day chart.