The Gold Market in Oman

Oman's gold scene is anchored by Muscat's traditional Muttrah Souk, with demand for 21K and 22K in Gulf-style and traditional designs.

The Omani rial is pegged to the dollar at 0.3845 and a 5% VAT applies, while local prices track the global ounce, with steady demand for gold at weddings and celebrations.